Accounting Homework help?

Posted on 2014-04-11 11:52:00 in Accounting by JONATHAN

A company issues 9%, 20-year bonds with a par value of $810,000. The current market rate is 8%. The amount of interest owed to the bondholders for each semiannual interest payment is:

$64,800.

$32,400.

$36,450.

$72,900.

$405,000.

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