Question 7 of 12 > 5.19/20 View Policies Show Attempt History Current Attempt in Progress Bramble Co. is building a new music arena at a cost of $5,645,000. It received a downpayment of $560,000 from local businesses to support the project, and now needs to borrow $5,085,000 to complete the project. It therefore decides to issue $5,085,000 of 8%, 20-year bonds. These bonds were issued on January 1, 2019, and pay interest annually on each January 1. The bonds yield 10%.