Lumpkin Company purchased $36,000 of 5% bonds at par. The bonds mature in ten years and are classified as a held-to-maturity security. The amount of interest that Lumpkin Company will receive on the first semiannual interest payment is: Multiple Choice $900. $1,800. $720. O $37,800,

Lumpkin Company purchased $36,000 of 5% bonds at pat. The bonds mature in ten years and are ciassiffed as a held-to-maturity security. The amount of interest that Lumpkin Company will recelve on the fist semiannual interest payment is: Mutple Choce 5900 5,800 5720 537,800