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Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid

image text in transcribed Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4%. The bonds were sold at a discount, with annual interest expenses more than $18,000. The bonds were sold at a discount, with annual interest expenses less than $18,000. The bonds were sold at a premium, with annual interest expenses more than $18,000. The bonds were sold at a premium, with annual interest expenses less than $18,000. The bonds were sold at par, with annual interest expenses equal to $18,000

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