Q19

Adonis Corporation issued 10-year, 7% bonds with a par value of $280,000. Interest is paid semiannually. The market rate on the issue date was 6%. Adonis received $300,836 in cash proceeds, which of the statements is true? O Adidas must pay $280.000 at maturty and no interest payments. O Adidas must pay $280.000 at maturty plus 20 interest payments of $8.400 each. O Adidas must pay $280,000 at maturty plus 20 interest payments of $9.800 each. O Adidas must pay $300,836 at maturty and no interest payments O Adidas must pay $300,836 at maturity plus 20 interest payments of $9.800 each at maturty plus 20 interest payments of $9.800 each. References Leaming Oiective 14.Pl Prepare entries to record bos nsuange and wrteret expense Multiple Choice Difficulty. 2 Medium inng Opective: 14 Pa Compute and record band prem Type here to search