Halverson,Inc.just issued $1,000 par 20-year bonds.The bonds sold for $936 and pay interest semi-annually.Investors require a rate of 7.00% on the bonds.What is the amount of the semi-annual interest payment on the bonds?
A) $64.50
B) $55.00
C) $32.00
D) $21.75
Correct Answer:
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