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If a $15000, 8% 20-year bond was issued at 96 on Nov 1, how much...

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Accounting

If a $15000, 8% 20-year bond was issued at 96 on Nov 1, how much will accrued interest payable be on Dec 31 if interest payments are made annually?

a. $200

b. $195

c. $205

d. 192

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