On January 1, 2010, the XYZ Company issued bonds maturing in 10 years with a face value
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On January 1, 2010, the XYZ Company issued bonds maturing in 10 years with a face value of $100,000 and a stated rate of 10 percent. XYZ received $96,000 in cash proceeds from the sale. How much cash will the XYZ Company pay bondholders on the first semiannual payment?
A. $4,800 B. $4,900 C. $5,000 D. None of the above
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