On April 1,2010,Jared Enterprises Issues Bonds Dated January 1,2010,that Have

question 61

Multiple Choice

On April 1,2010,Jared Enterprises issues bonds dated January 1,2010,that have a $2,430,000 par value,mature in 20 years,and pay 7% interest semiannually on June 30 and December 31.The bonds are sold at par plus four months' accrued interest.What is the total amount of cash Jared Enterprises will collect on April 1,2010?

• A)$2,600,100
• B)$2,430,000
• C)$2,486,700
• D)$2,750,000
• E)$2,515,050

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Definitions:

Pigmented

Containing pigment or coloration, often referring to cells or tissues that have color due to melanin or other substances.

Optic Nerve

A paired nerve that transmits visual information from the retina to the brain, critical for vision.

Ora Serrata

The ora serrata is the serrated junction between the retina and the ciliary body in the eye.

Optic Disc

The point on the retina at which the optic nerve fibers exit the eye, creating a natural blind spot as there are no photoreceptor cells in this area.