On June 1,2017,Zander Services issued $40,000 of 13% bonds that mature in five years for $57,000.The bonds pay semiannual interest payments on June 30 and December 31 of each year.On December 31,2017,what is the total amount paid to bondholders?
A) $2,600
B) $5,200
C) $3,705
D) $7,410
Correct Answer:
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