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

question 113

Multiple Choice

Mike 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.

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