Question: A company issues 6%, 4-year bonds with a par value of $200,000 on January 1 at a price of $207,170, when the market rate of

A company issues 6%, 4-year bonds with a par value of $200,000 on January 1 at a price of $207,170, when the market rate of interest was 5%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:

$12,000.
$10,000.
$5,000.
$6,000.
$0.

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