If HK$1,800,000, 5%, bonds are issued on January 1, 2011 and pay interest semi-annually on June 30 and December 31, the total amount of interest paid to bondholders in 2011 will be HK$90,000.

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The annual interest is 5% of HK$1,800,000, which is HK$90,000. Since interest is paid semi-annually, two payments of HK$45,000 each will be made in 2011, totaling HK$90,000.

If HK$1,800,000, 5%, Bonds Are Issued on January 1, 2011