A corporation issues for cash $9,000,000 of 8%, 25 year bonds, interest payable semiannually. the amount received for the bonds will be

A corporation issues or cash $9,000,000 of 8%, 25-year bonds, interest payable semiannually. The amount receved for the bonds will be a- present value of 25 annual interest payments of $720,000, plus present value of $9,000,000 to be repaid in 25 years O b. present value of 50 semiannual interest payments of S b. present value of 50 semiannual interest payments of $360,000, plus present value of $9,000,000 to be repaid in 25 years O c. present value of 25 annual interest payments of S720,000. O d. present value of $9,000,000 to be repaid in 25 years, less present value of 50 semiannual interest payments of s360,000. 0- Ieon Ka b Multiple Choice 14-012