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17-01-2020
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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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LearnWithAyanfe4luv LearnWithAyanfe4luv

17-01-2020

Answer: False

Explanation: interest= Prt

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