State Street Beverage Company issues $812,000 of 8%, 10-year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is true? O A. If the market rate of interest is 9%, the bonds will issue at a premium. OB. If the market rate of interest is 9%, the bonds will issue at par. OC. If the market rate of interest is 9%, the bonds will issue above par. OD. If the market rate of interest is 9%, the bonds will issue at a discount. If bonds with a face value of $200,000 are issued at 95, the amount of cash proceeds is A. $180,000 B. $200,000 C. $199,905 D. $190,000 Electric, Inc. was incorporated on January 1, 2016. Electric issued 9,000 shares of common stock and 1,100 shares of preferred stock on that date. The preferred stock is cumulative, $100.00 par, with an 12% dividend rate. Electric has not paid any dividends yet. In 2019, Electric had its first profitable year, and on November 1, 2019, Electric declared a total dividend of $59,000. What is the total amount that will be paid to preferred shareholders? A. $52,800 B. $59,000 C. $13,200 D. $12,000