A company issues at 9% bonds at par with a par value of $100,000 on April 1,which is 4 months after the most recent interest date.How much total cash interest is received on April 1 by the bond issuer?
A) $750
B) $5,250
C) $1,500
D) $3,000
E) $6,000
Correct Answer:
Verified
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