What periodic interest payment does gilligan make

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Reference no: EM131293640

Gilligan Corp. sells $100,000 of bonds to private investors. The bonds have a 6% coupon rate and interest is paid semiannually. The bonds were sold to yield 5%.

What periodic interest payment does Gilligan make?

a. $6,000

b. $5,000

c. $2,500

d. $3,000

e. None of the above

Reference no: EM131293640

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