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Gilligan Corp. sells $100,000 of bonds to private investors. The bonds have a 6% coupon...

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Accounting

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

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