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?
A)$750
B)$5,250
C)$1,500
D)$3,000
E)$6,000

Question

Quizplus · Accepted Answer

The Answer of 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?
A)$750
B)$5,250
C)$1,500
D)$3,000
E)$6,000

Word Lab Limited Issues $200,000 of Its 9% Bonds at Par