How much will the bond investors need to pay the company

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Question - A company issued $9,000,000 of 4% bonds on May 1 at par value. The bonds were dated January 1. The company pays interest on June 30 and December 31 each year. How much will the bond investors need to pay the company in accrued interest on May 1 and how much will the bond investors receive in interest on June 30? [INVESTORS: Pay May 1; Receive June 30]

a. $0; $180,000.

b. $360,000; $360,000.

c. $120,000; $360,000.

d. $120,000; $60,000.

e. $120,000; $180,000.

Reference no: EM132721618

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