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Discuss how pay the company in accrued interest

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Wilson Corp. issued $1,000,000 of 4% bonds on April 30 at par value. The bonds were dated January 1. The company pays interest on June 30 and December 31 each year. How much will the buyer need to pay the company in accrued interest?

$10,000
$6,667
$13,333
$5,000

Reference no: EM131766475

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