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What cash interest paid to the bondholders is

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Problem 1: Kaselitz Corp. issued a $100,000, 8%, 5-year bond on 1/1/21. Interest is paid each June 30 and December 31. The bond sold for $96,044 to yield 9%. The effective interest method is used. Cash interest paid to the bondholders in 2021 is:

Select one:

a. $7,350
b. $8,000
c. $7,683
d. $9,000
e. $8,644

Reference no: EM132778291

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