Multiple Choice
On January 1,2013,Davie Services issued $20,000 of 8% bonds that mature in five years.They were sold at a premium,for a total of $20,750.The bonds pay semiannual interest payments on June 30 and December 31 of each year.On June 30,2013,how much is the total amount paid to bondholders?
A) $276.67
B) $800.00
C) $1,660.00
D) $830.00
Correct Answer:
Verified
Correct Answer:
Verified
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