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Business, 30.06.2021 01:10 shalynmincey

On June 1, $40,000 of treasury bonds were purchased between interest dates. The broker commission was $600. The bonds pay interest at 12%, which is paid semiannually on January 1 and July 1. How much interest revenue will be recorded on July 1? a. $400.
b. $2,000.
c. $2,400.
d. $406.

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