23. Barnes Company issues $750,000, 9%, 20-year bonds. The current market rate is 8.5%. The total amount of interest owed to the bondholders for each semi-annual interest payment is: 24. NIKE issued $100,000 worth of 5-year, 8% bonds. The current market rate was 10%. NIKE received $96,000 for the bonds and chooses to use straight-line amortization. The amount of interest expense for the first semi-annual payment is