On January 1, 2012, Action Inc. issued $1,000,000 of 10% bonds at face value. These bonds are due in 10 years with interest payable semi-annually on June 30 and December 31. What is the amount of interest paid in 2012?
A) $ 10,000
B) $100,000
C) $ 25,000
D) $ 50,000
Correct Answer:
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