On October 1 a company sells a 3-year, $2,500,000 bond with an 8% stated interest rate. Interest

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On October 1 a company sells a 3-year, $2,500,000 bond with an 8% stated interest rate. Interest is paid quarterly and the bond is sold at 89.35. On October 1 the company would collect ________.
A. $200,000
B. $558,438
C. $2,233,750
D. $6,701,250

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 16, 2022 07:40 AM

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On October 1 a company sells a 3-year, $2,500,000 bond with an 8% stated interest rate. Interest

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Principles Of Accounting Volume 1 Financial Accounting

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