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14 On January 1, a corporation issues bonds with a par value of $5,400,000. The bonds are issued at par, mature in 5 years, and

14 On January 1, a corporation issues bonds with a par value of $5,400,000. The bonds are issued at par, mature in 5 years, and pay 7% interest. Interest payments are made semiannually on June 30 and December 31. How much interest does the company pay in cash to bondholders every six months? 01:16:34 Par (maturity) Value x Semiannual Rate Semiannual Cash Interest Payment =

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