Question: Blarney Corp. issued 1 0 year, 9 % , $ 1 0 0 , 0 0 0 bonds paying interest semiannually, at a $ 6

Blarney Corp. issued 10 year, 9%, $100,000 bonds paying interest semiannually, at a $6,200 discount. Which of the following statements is true?
Question 7 options:
a)
Blarney will receive $100,000 when the bonds are issued
b)
The cash paid to bondholders will be $9,000 each interest period.
c)
Blarney's annual interest expense on the bonds will be greater than the amount of interest payments to bondholders each year.
d)
Blarney's annual interest expense on the bonds will be less than the amount of interest payments to bondholders each year.

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