A Company Issued 10-Year,7% Bonds with a Par Value of $100,000.The

Multiple Choice

A company issued 10-year,7% bonds with a par value of $100,000.The company received $96,526 for the bonds.Using the straight-line method,the amount of interest expense for the first semiannual interest period is:

A) $3,326.00.
B) $3,500.00.
C) $3,673.70.
D) $7,000.00.
E) $7,347.40.