On May 1, 2010, Stanton Company purchased $50,000 of Harris Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest. On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest. What are the total proceeds from the February 1, 2011 sale?
A) $42,000
B) $41,700
C) $40,600
D) $41,600
D
You might also like to view...
Income bonds pay interest only if the issuing company actually earns the indicated interest. Thus, these securities cannot bankrupt a company, and this makes them safer from an investor's perspective than regular bonds.
Answer the following statement true (T) or false (F)
Which of the following is an online presentation that people can view live, or download to view later?
A) Twebinar B) Screencast C) Video conference D) Prezi E) Webcast
Disintermediation is one method to address potential problems related to the ________ characteristic of services
A) intangibility B) responsiveness C) perishability D) personalization E) inseparability
Colette and Dealership Auto Sales Company enter into an oral contract under which Dealership Auto agrees to provide Colette with lifetime employment. This contract may be enforceable by A) Colette only
B) Dealership Auto only. C) any interested third party, such as a Dealership Auto customer. D) either Colette or Dealership Auto.