On June 1, 2015, Smith Services Issued $36,000 of 8

question 42

Multiple Choice

On June 1, 2015, Smith Services issued $36,000 of 8% bonds that mature in five years for $45,000. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2015, how much is the total interest paid to bondholders?

• A)$1,440
• B)$2,880
• C)$1,800
• D)$3,600

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