How much cash will whitmore corp pay

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Question - On January 1, 2019, Whitmore Corp Issues $600,000 of 9% 15 year bonds that pay interest annually on December 31st each year. Bonds of similar risk and maturity are paying 7%. How much cash will Whitmore Corp pay the bondholders for one interest payment?

a. $54,000

b. $600,000

c. $49,651

d. $63,837

Reference no: EM132739033

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