How many semiannual interest payments will be made on bond

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On January 1, 2019, the Gill Company issued bonds with a par value of $200,000 with an initial issue date of January 1, 2019. The bonds mature in 5 years and pay 6% annual interest in two semiannual payments (June 30 and December 31). On January 1, 2019, the market rate of interest was 8%.

Problem 1: Which did the bonds sell at - at a discount , premium, or at par value?

Problem 2: What is the size (amount of money) of the semiannual interest payment (in $) for these bonds?

Problem 3: How many semiannual interest payments will be made on these bonds over their life?

Reference no: EM132752032

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