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On January 1, Forward Company issues bonds that have a $23,000 par value, mature in 4 years, and pay 7% interest per year. Interest payments

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On January 1, Forward Company issues bonds that have a $23,000 par value, mature in 4 years, and pay 7% interest per year. Interest payments are paid to bondholders semiannually on June 30 and December 31 . How much interest does Forward: Company pay to bondholders every six months if the bonds are sold at par? Multiple Choice $1,610 $805 $6,440 $3,220 $11,270

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