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 a premium, for a total of $20 750. 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) $800.00
B) $830.00
C) $1 660.00
D) $276.67