Condi Corporation sells $150,000, 5%, 10-year bonds for 95 on January 1, 2016. Interest is paid on January 1 and July 1. Straight-line amortization is used. The amount of interest paid on July 1, 2016 is:
A) $4,750.
B) $5,750.
C) $3,750.
D) $5,000.
Answer: C
Business
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