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Question(s) / Instruction(s):

A company owns 11% bonds with a par value of $168,000 that pay interest on October 1 and April 1. The amount of interest accrued on December 31 (the company's year-end) would be (Do not round your intermediate calculations):

a)            $3,080.

b)            $9,240.

c)            $18,480.

d)            $1,540.

e)            $4,620.

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