On June 1, 2017, Wilke Services issued $31,000 of 7% bonds that mature in five years
The bonds were issued at a premium, for a total of $32,292. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2017, what is the total amount paid to bondholders?
A) $1,085
B) $2,170
C) $1,130
D) $2,260
A .Principal Amount $31,000
Rate of interest 7%
No. of months 6
Total amount paid to bondholders ($31,000 x 7% x 1/2 ) $1,085
Business
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