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Question(s) / Instruction(s):

A company issues at par 9% bonds with a par value of $100,000 on April 1, which is 4 months after the most recent interest date. The cash received for accrued interest on April 1 by the bond issuer is:

a)            $750

b)            $5,250

c)            $1,500

d)            $3,000

e)            $6,000

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