Adonis Corporation issued 10-year, 11% bonds with a par value of $170,000. Interest is paid semiannually. The market rate on the issue date was 10%. Adonis received $180,595 in cash proceeds. Which of the following statements is true?

A. Adidas must pay $170,000 at maturity plus 20 interest payments of $9,350 each.

B. Adidas must pay $170,000 at maturity plus 20 interest payments of $8,500 each.

C. Adidas must pay $180,595 at maturity plus 20 interest payments of $9,350 each.

D. Adidas must pay $170,000 at maturity and no interest payments.

E. Adidas must pay $180,595 at maturity and no interest payments.

Please add explanation