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Bay Visions Inc issued $200,000,6%,10-year bonds, with interest payable semiannually. The market rate on the issue date was 5.5%. Bay Visions received $207,614 in proceeds.

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Bay Visions Inc issued $200,000,6%,10-year bonds, with interest payable semiannually. The market rate on the issue date was 5.5%. Bay Visions received $207,614 in proceeds. Which statement best describes Bay Visions' responsibility to the bondholders? They must pay $200,000 at maturity plus 20 interest payments of $6,000 each. They must pay $200,000 at maturity. They must pay $206,948 at maturity. They must pay $207,714 at maturity plus 20 interest payments of $6,000 each

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