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Adonis Corporation issued 10-year, 9% bonds with a par value of $180,000. Interest is paid semiannually. The market rate on the issue date was 8%.

Adonis Corporation issued 10-year, 9% bonds with a par value of $180,000. Interest is paid semiannually. The market rate on the issue date was 8%. Adonis received $192,233 in cash proceeds. Which of the following statements is true?

A. Adonis must pay $180,000 at maturity plus 20 interest payments of $8,100 each.

B. Adonis must pay $180,000 at maturity plus 20 interest payments of $7,200 each.

C. Adonis must pay $192,233 at maturity and no interest payments.

D. Adonis must pay $180,000 at maturity and no interest payments.

E. Adonis must pay $192,233 at maturity plus 20 interest payments of $8,100 each.

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