Question: A company issues 7 % , 8 - year bonds with a par value of $ 2 1 0 , 0 0 0 on January

A company issues 7%,8-year bonds with a par value of $210,000 on January 1 at a price of $223,189, when the market rate of interest was 6%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
Multiple Choice
$14,700.
04
$7,350.
$6,300.
$0.
$12,600.
A company issues 7 % , 8 - year bonds with a par

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