Question: A company issues 8%, 20-year bonds with a par value of $500,000. The current market rate for the bonds is 8%. The amount of interest

A company issues 8%, 20-year bonds with a par value of

A company issues 8%, 20-year bonds with a par value of $500,000. The current market rate for the bonds is 8%. The amount of interest owed to the bondholders for each semiannual interest payment is a. $40,000. b. $0. c. $20,000. d. $800,000. e. $400,000

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