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If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500. (A) True (B) False
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If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500. (A) True (B) False
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Jul 13, 2021
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If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500.
(A) True
(B) False
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Answer: False
Explanation: interest= Prt
Cheezmeister
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