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10 points Save Answer On January 1, 2020, Savvy Drive-Ins borrowed money by issuing $750,000,10-year, 8% bonds payable at 103. The bond pays interest twice

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10 points Save Answer On January 1, 2020, Savvy Drive-Ins borrowed money by issuing $750,000,10-year, 8% bonds payable at 103. The bond pays interest twice a year on July 1 and January 1. The market rate of interest on the date of issuance was 7%. What is the cash interest that will be paid to the bondholders every six months? OA. $52,500 OB. $26,250 Oc. $60,000 Op. $30,000

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