A company issues bonds with a par value of at

Question

A company issues 9% bonds with a par value of $100,000 at par on April 1. The bonds pay interest semi-annually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:
A.$1,500.
B.$3,000.
C.$4,500.
D.$6,000.
E.$7,500.

Answer

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