Question: A company issues 6 % bonds with a par value of $ 8 0 , 0 0 0 at par on January 1 . The

A company issues 6% bonds with a par value of $80,000 at par on January 1. The market rate on the date of issuance was 5%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bondholder(s) is:
Multiple Choice
$0.
$4,800.
$2,400,
$4,000.
$2,000.
A company issues 6 % bonds with a par value of $

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