Question: Please explain 14. A bond with a face value of $100,000 was issued for $93,500 on January1, 2014. The stated rate of interest was 8

Please explain

14. A bond with a face value of $100,000 was issued for $93,500 on January1, 2014. The stated rate of interest was 8 percent and the market rate of interest was 10 percent when the bond was sold. Interest is paid annually How much interest will be paid on December 31, 2014? A $10,000 B $8,000 C. $7,480 D. $9,350

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