Question: Need the answer fast, comprehensive and detailed. Make sure its correct.Otherwise, I will down rate 20. The semiannual, 8-year bonds of Alto Music are selling

Need the answer fast, comprehensive and detailed. Make sure its correct.Otherwise, I will down rate

20. The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual yield of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000? A) $41.50 B) $42.25 C) $43.15 D) $85.00 E) $86.29

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