Multiple Choice
On January 2,2012,Dock Master Construction,Inc.issued $500,000,10-year bonds for $574,540.The bonds pay interest on June 30 and December 31.The face rate is 8% and the market rate is 6%.The annual cash payment (paid in semiannual payments) on the bonds is
A) $40,000.
B) $30,000.
C) $20,000.
D) $15,000.
Correct Answer:
Verified
Correct Answer:
Verified
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