A company issues 9%, 5-year bonds with a par value of $100,000 on January 1 at a price of $106,160, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
A. $9,000.
B. $8,000.
C. $0.
D. $4,000.
E. $4,500.
Answer: E
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
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What will be an ideal response?