Molina inc 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%.

1:what periodic interest payment does Molina make?

a- 18,000

b- 7,000

c- 12,000

d- 6,000

2: what proceeds does molina recieves from investors?

a- 300,000

b- 326,948

c- 299,998

d-274,345