5) A company issues 8%, 5-year bonds with a par value of $100,000 on January 1 at a price of $100,000 when the market rate of interest was 10%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:

A) $9,000. B) $8,000. C) $4,000. D) $4,500. E) $0.