An investment is made on May 24 for $50,000, 5% bonds at par value. Interest is payable on March 31 and September 30. What is the accrued interest on the purchase date? A. $167...

An investment is made on May 24 for $50,000, 5% bonds at par value. Interest is payable on March 31 and September 30. What is the accrued interest on the purchase date?

A. $167                                   C. $625


B. $375                                    D. $875




May 26, 2022
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