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How much interest should mike collect from the buyer

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Reference no: EM132522009

Question - Word Lab 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. $6,000

b. $750

c. $5,250

d. $3,000

e. $1,500

Reference no: EM132522009

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