5) Section 23406 A (40 pts) Question 14 (of 40) value 100 points MC Qu. 120 A company issues... A company issues 9% bonds with a par value of $480 000 at par on April 1. The bonds pay interest semi- annually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: O $14.400 O $720o. O $21600 O $28,800. O $36,000 References Difficulty 3 Hard Multiple Choice MC Qu. 120 A company Learning objective 10 C3 Appendix 10C Describe interest issues. accrual when bond payment periods differ from accounting