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On January 1, 20X7 Thesante Metals Ltd issued a $100,000, 6%, 5-year bond for $91,889 to yield 8%. Interest is payable semi-annually. The interest expense

On January 1, 20X7 Thesante Metals Ltd issued a $100,000, 6%, 5-year bond for $91,889 to yield 8%. Interest is payable semi-annually. The interest expense and interest payable for the first year are closest to:

Interestexpense Interestpayable

A$3,675$3,000

B$7351$6,000

C$7,418$6,000

D$7,351$8,000

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