Required information On January 1, a company issued 5% bonds with a face value of $320,000. The bonds mature in 30 years. Interest is paid semiannually on each June 30 and December 31. The market rate in effect on issue date was 7%; therefore, the bonds issued for $240,177. The company uses the effective interest method. (Round final answers to the nearest whole dollar.) Use the information above to answer the questions below. The amount of cash interest paid to bondholders per semiannual period is: (Click to select) $16,000 $6,004 $8,000 $8,406 $11,200