Question: A company issues 7 % , 6 - year bonds with a par value of $ 2 9 0 , 0 0 0 on January

A company issues 7%,6-year bonds with a par value of $290,000 on January 1 at a price of $304,433, when the market rate of interest was 6%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
Multiple Choice
$0.
$17,400.
$8,700.
$10,150.
$20,300.
A company issues 7 % , 6 - year bonds with a par

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