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Calculate the annual interest and the semiannual interest payment for a bond issue with a face value of $1,000 and an interest rate of 6.2%.

Calculate the annual interest and the semiannual interest payment for a bond issue with a face value of $1,000 and an interest rate of 6.2%.

A) Annual interest amount: $59.00. Semiannual interest payment: $29.50.

B) Annual interest amount: $52.00. Semiannual interest payment: $26.00.

C) Annual interest amount: $65.00. Semiannual interest payment: $32.50.

D) Annual interest amount: $62.00. Semiannual interest payment: $31.00.

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