A company issues

8%,20

-year bonds with a par (face) value of

$750,000

. The current market rate of interest is

10%

. The total amount of interest owed to the bondholders for each semi-annual interest payment is:\ Select one:\ a.

$37,500

.\ b.

$0

.\ c.

$75,000

.\ d.

$30,000

.\ e.

$60,000

.

A company issues 8%,20-year bonds with a par (face) value of $750,000. The current market rate of interest is 10%. The total amount of interest owed to the bondholders for each semi-annual interest payment is: Select one: a. $37,500. b. $0. c. $75,000. d. $30,000. e. $60,000