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Guidry Corporation issued $400,000 of 10 year bonds, with a stated rate of 8 percent, paid semiannually. How much cash will the bondholders receive for

Guidry Corporation issued $400,000 of 10 year bonds, with a stated rate of 8 percent, paid semiannually. How much cash will the bondholders receive for the first interest payment?

A. $8,000
B. $16,000
C. $32,000
D. $40,000

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