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On June 1, 2017, Smith & Beecham Services issued $50,000 of 12% bonds that mature in five years. They were issued at par. The bonds
On June 1, 2017, Smith & Beecham Services issued $50,000 of 12% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2017, how much interest is paid to bondholders? (Round your answer to the nearest dollar.) OA. $3,000 B. $1,500 O C. $6,000 O D. $2,000
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