Question: O n January 1 , 2 0 2 3 , Discount Tire issued $ 6 0 0 , 0 0 0 , 6 % ,

On January 1,2023, Discount Tire issued $600,000,6%,10-year bonds for $698,125. The bonds pay interest semi-annually on June 30 and December
The market rate of interest is4%. What is the amount of cash interest paid for the year ended December 31,2023?
Select one:
a. $27,925
b. $41,888
c. $27,514
d. $36,000
e. $24,000
O n January 1 , 2 0 2 3 , Discount Tire issued $

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