Help

Save & Exit

Submit

On January $1,$ Forward Company issues bonds that have a $$38,000$ par value, mature in $5$ years, and pay $6\%$ interest per year. Interest payments are paid to bondholders semiannually on June $30$ and December $31.$ How much interest does Forward Company pay to bondholders every six months if the bonds are sold at par?

Multiple Choice

$$1,140$

$$2,280$

$$ $$4,560$

$$13,680$

$$ $$11,400$