Marygrove Glassware Company Issues $1,012,000 of 9%,10-Year Bonds at 97

question 94

Multiple Choice

Marygrove Glassware Company issues $1,012,000 of 9%,10-year bonds at 97 on February 28,2017.The bond pays interest on February 28 and August 31.On August 31,2017,how much cash did Marygrove pay to the bondholders?

• A)$46,679
• B)$45,540
• C)$91,080
• D)$44,401

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