Assume interest is paid semiannually on the Hydro Electric Municipal bond in question 4. The total dollar

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Assume interest is paid semiannually on the Hydro Electric Municipal bond in question 4. The total dollar value of bonds issued is $200,000. The first semiannual interest payment is:

a. $8,000

b. $7,000

c. $14,000

d. $4,000

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