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Word Lab Limited issues $200,000 of its 9% bonds at par on April 1, which is 4 months after the original issue date. How much

Word Lab Limited issues $200,000 of its 9% bonds at par on April 1, which is 4 months after the original issue date. How much interest should Mike collect from the buyer?

Multiple Choice

$6,000
$750
$5,250
$3,000
$1,500

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