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 discount, for a total of $19 000. The debentures pay half- yearly interest payments on 30 June and 31 December of each year. On 30 June 2014, how much is the total amount paid to debenture holders?

A) $253.33
B) $760.00
C) $1 520.00
D) $800.00