A company purchased $60,000 of 5% bonds on May 1 at par value.The bonds pay interest on February 1 and August 1.The amount of interest accrued on December 31 (the company's year-end) would be:
A) $ 250.
B) $ 500.
C) $1,250.
D) $2,500.
E) $3,000.
Correct Answer:
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