65) Clarington issued 15 year bonds in the amount of $500000. Interest on the bonds is 2.2% payable annually. What is the promised payment at the end of each year? A) $11100 B) $693000 C) $360750 D) $374675 E) $13925 Answer: Diff: 1 Type: MC Page Ref: 603-604 Topic: 15.1 Purchase Price of Bonds Objective: 15-1: Determine the purchase price of a bond when the market rate equals the bond rate, bought on or between interest dates