On 1 January 2014, Davie Services Issued $20 000 of 8

Multiple Choice

On 1 January 2014, Davie Services issued $20 000 of 8% debentures that mature in five years. They were sold at par. The debentures pay half- yearly interest payments on 30 June and 31 December of each year. On 30 June 2014, how much are the total interest payments made to debenture holders?

A) $800.00
B) $133.33
C) $1 600.00
D) $160.00