A company issues 9% bonds with a par value of $50,000 at par on January 1. The market rate on the date of issuance was 8%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: 5 Multiple Choice points 02:15:43 S2,250. 54,500. 52,000. 50. S4,000