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What the annual cash payment on the bonds is

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Question 1: On January 2, 2017, Hi-Tech Master Construction, Inc. issued $500,000, ten-year bonds for $574,540. The bonds pay interest on June 30 and December 31. The face rate is 8%, and the market rate is 6%. The annual cash payment (paid in semiannual payments) on the bonds is

Group of answer choices

Option a: $20,000.

Option b: $40,000.

Option c: $30,000.

Option d: $15,000.

Reference no: EM132553573

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