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Calculate the amount of interest owed to the bondholders

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Question - A company issues 9%, 20-year bonds with a par value of $750,000. The current market rate is 9%. The amount of interest owed to the bondholders for each semiannual interest payment is.

A. $0

B. $33,750

C. $67,500

D. $750,000

E. $1,550,000

Reference no: EM132195480

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