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A company owns 11 bonds with a par value of 198000 that pay

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A company owns 11% bonds with a par value of $198,000 that pay interest on October 1 and April 1. The bonds were purchased on October 1st. The amount of interest accrued on December 31 (the company's year-end) would be (Do not round your intermediate calculations):

Reference no: EM13587564

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