A corporation has prepared a 6 % bond with a date of January 1, 2014. However, the

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Question:

A corporation has prepared a 6 % bond with a date of January 1, 2014. However, the bond is delayed and actually sold on February 1. The bond will mature in 5 years and requires interest payments on July 1 and January 1 of each year. The bond was sold to investors at par.

What would the interest payable be credited as on

A. $1500
B. $0
C. $150
D. $900