A company purchased $93,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:
A. $4650.
B. $2325.
C. $930.
D. $2790.
E. $1860.
Answer: E
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