Question: A company issues 9%, 5-year bonds with a par value of $100,000 on January 1 at a price of $104,055, when the market rate of

A company issues 9%, 5-year bonds with a par value of $100,000 on January 1 at a price of $104,055, when the market rate of interest was 8%. The bonds pay interest semiannually. What

is the amount of each semiannual interest payment? (Enter the number without a dollar sign or decimal point).

West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. What is the amount of the dividend? (Enter the

number without a dollar sign or decimal point).

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