Question: Morgan Company issues 1 0 % , 2 0 - year bonds with a par value of $ 6 9 0 , 0 0 0

Morgan Company issues 10%,20-year bonds with a par value of $690,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is.
3.50
Multiple Choice
$345,000
$69,000.
$34,500.
$31,050.
Morgan Company issues 1 0 % , 2 0 - year bonds

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