Calculate the amount of quarterly cash interest

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Problem 1: ABC, Inc., sells Rs.100 ,000 general obligation bonds for 98. The interest rate on the bonds, paid quarterly, is 6 percent. Calculate the amount of quarterly cash interest that the company will be required to pay.

Option 1: Rs. 60,000

Option 2: Rs. 30,000

Option 3: Rs. 15,000

Option 4: Rs. 7,500

Reference no: EM132767216

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