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. $37,800.

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 recelve on the first semiannual interest payment is: Multiple Choice $900 $1,800. $720 $37.800