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What is the amount of interest to be accused at December

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Question - The company issued a $75000 bond dated August 1, 2016 to finance the purchase of warehouse equipment and provide the company additional cash. The bond has a contractual interest rate of 6.8 and was issued at par. The bond matures in 10 years and pays interest on July 31 and January 31 each year. What is the amount of interest to be accused at December 31, 2016?

Reference no: EM133096407

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