What is the amount of the semi annual interest payment

Reference no: EM13304589

Halverson just issued $1000 par 20 year bonds. the bonds sold for $936 and pay interest semi annually. Investors require a rate of 7% on the bonds. What's the amount of the semi annual interest payment on the bonds?

A. $32
B. $55
C. 64.5
D. 21.75

Reference no: EM13304589

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