The Levi Company sued $70,000 of 6% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on June 30 and December 31 The bonds are dated January 1, and mature in five years, on January 1. Determine the total interest expense related to these bonds for the current year ending on December 31 Oa. $1,150 Ob $2100 Oc $4200 Od $350 C If the market rate of interest is 7%, the price of 6% bonds paying interest semiannually with a face value of $500,000 will be Oo equal to $500.000 Ob less than $500.000 Oc greater than or less than $500,000, depending on the maturity date of the bonds Od greater than $500,000