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Kaselitz Corp. issued a $100,000,8%,5-year bond on 1/1/21. Interest is paid each June 30 and December 31 . The bond sold for $96,044 to yield

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Kaselitz Corp. issued a $100,000,8%,5-year bond on 1/1/21. Interest is paid each June 30 and December 31 . The bond sold for $96,044 to yield 9%. The effective interest method is used. Cash interest paid to the bondholders in 2021 is: Select one: a. $7,350 b. $8,000 c. $7,683 d. $9,000 e. $8,644

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