Mike Limited issues $200,000 of its 9% bonds at par on April 1,which is 4 months after the original issue date.How much interest should Mike collect from the buyer?
A) $750.
B) $5,250.
C) $1,500.
D) $3,000.
E) $6,000.

Question

Quizplus · Accepted Answer

The Answer of Mike Limited issues $200,000 of its 9% bonds at par on April 1,which is 4 months after the original issue date.How much interest should Mike collect from the buyer?
A) $750.
B) $5,250.
C) $1,500.
D) $3,000.
E) $6,000.

Mike Limited Issues $200,000 of Its 9% Bonds at Par