Question: A company issues $ 1 0 0 , 0 0 0 par value, 6 % bonds on January 1 2 0 XX with interest paid

A company issues $100,000 par value, 6% bonds on January 120XX with interest paid on June 30 and December 31. On the issue date, the market rate is 4%. The present value of the bond will be determined using cash interest payments of:
Multiple choice question.
$3,000
$6,000
$2,000
$4,000

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