On January 1,2013,Davie Services Issued $20,000 of 8% Bonds That

question 135

Multiple Choice

On January 1,2013,Davie Services issued $20,000 of 8% bonds that mature in five years.They were sold at a premium,for a total of $20,750.The bonds pay semiannual interest payments on June 30 and December 31 of each year.On June 30,2013,how much is the total amount paid to bondholders?

• A) $276.67
• B) $800.00
• C) $1,660.00
• D) $830.00

---

Definitions:

Characteristics

Distinctive qualities or features that define a person, object, or phenomenon, contributing to its identity or essence.

Example

A representative case or instance used to illustrate a concept, rule, or procedure, or to act as a model for others to follow.

Reference Group

A social group that individuals use as a standard for evaluating their own behavior, values, and attitudes.

Example

A representative form or instance that is typical of a group or set and is often used for illustration or explanation.