A company issues 8% bonds with a par value of $190,000 at par on January 1. The market rate on the date of issuance was 7%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: Multiple Choice $0. O $15,200, $13,300 $7,600. $6,650.