A Company Issues at Par 9% Bonds with a Par

question 163

Multiple Choice

A company issues at par 9% bonds with a par value of $100,000 on April 1.The bonds pay interest semi-annually on January 1 and July 1.The cash received on July 1 by the bond holder(s) is:

• A)$1,500.
• B)$3,000.
• C)$4,500.
• D)$6,000.
• E)$7,500.

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