A company owns 9% bonds with a par value of $100,000 that pay interest on October 1 and April 1.The amount of interest accrued on December 31 (the company's year-end)would be:
A)$ 750.
B)$1,500.
C)$2,250.
D)$4,500.
E)$9,000.

Name: A company owns 9% bonds with a par value of $100,000 that pay interest on October 1 and April 1.The amount of interest accrued on December 31 (the company's year-end)would be: A)$ 750. B)$1,500. C)$2,250. D)$4,500. E)$9,000.
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Quizplus · Accepted Answer

$100,000 * 9% * 3/12 year = $2,250

A Company Owns 9% Bonds with a Par Value of $100,000