Adonis Corporation issued 10-year, 7% bonds with a par value of $190,000. Interest is paid semiannually. The market rate on the issue date was 6%. Adonis received $204,138 in cash proceeds. Which of the following statements is true?

Multiple Choice

A. Adonis must pay $190,000 at maturity and no interest payments.

B. Adonis must pay $190,000 at maturity plus 20 interest payments of $5,700 each.

C. Adonis must pay $190,000 at maturity plus 20 interest payments of $6,650 each.

D.Adonis must pay $204,138 at maturity plus 20 interest payments of $6,650 each.

E. Adonis must pay $204,138 at maturity and no interest payments.