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A company issues 9% bonds with a par value of $480,000 at par on April...

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Accounting

A company issues 9% bonds with a par value of $480,000 at par on April 1. The bonds pay interest semi-annually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:

$36,000.

$7,200.

$14,400.

$28,800.

$21,600.

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