A company purchased 123000 of 6 bonds on May 1 at par value

A company purchased $123,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 the company\'s year-end) would be: O $2460 O $3.075. O $1.230 O $3,690 O $6.150 References Multiple Choice Dificulty: 2 Medium Type here to search

Solution

Answer is $2460

Interests Accrude =123000 * 6%/12*4 =$2460

Interests Accrude ==$2460