A company issues 9%, 5-year bonds with a par value of $100,000 on January 1 at a price of $106,160, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is.
a. $9,000.b. $8,000.c. $4,000.d. $4,500.e. $0.
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A company issues 9%, 5-year bonds with a par value of $100,000 on January 1 at a price of $106,160,...
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