Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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![A $100,000 bond bears an interest rate of 6%. The
bond was issued at a price of $95,000. The actual
amount of interest that the bondholder would receive
each year is: a. $6,000 b. $3,000 c. $5,700 d. $5,000](https://content.bartleby.com/qna-images/question/e98b7c3c-04a7-4586-8e94-ba22173c8c46/fca56982-23bb-4f4d-8f9c-06a01a84435f/y182gsa_thumbnail.jpeg)
Transcribed Image Text:A $100,000 bond bears an interest rate of 6%. The
bond was issued at a price of $95,000. The actual
amount of interest that the bondholder would receive
each year is: a. $6,000 b. $3,000 c. $5,700 d. $5,000
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