Question: A company issues 7%, 7-year bonds with a par value of $170,000 on January 1 at a price of $179,602, when the market rate of

A company issues 7%, 7-year bonds with a par value of $170,000 on January 1 at a price of $179,602, when the market rate of interest was 6%. The bonds pay interest semiannually. The amount of each semiannual interest payment is: Multiple Choice otasoo 55,950. 35 . To o o o o

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