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If a $6,000, 10% , 10-Year Bond Was Issued at 104

Question 2

Multiple Choice

If a $6,000, 10% , 10-year bond was issued at 104 on October 1, 2011, how much interest will accrue on December 31 if interest payments are made annually?


A) None
B) $104
C) $150
D) $500
E) $105

Correct Answer:

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