Question: A company issues 796, 7-year bonds with a par value of $300,000 on January 1 at a price of $316,944, when the market rate of

A company issues 796, 7-year bonds with a par value of

A company issues 796, 7-year bonds with a par value of $300,000 on January 1 at a price of $316,944, when the market rate of interest was 6%. The bonds pay interest semiannually. The amount of each semiannual interest payment is: Multiple Choice $21,000. $18,000. $9,000. $10,500. $0

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