44. Rogers Company has $200,000 of bonds outstanding. The bo…
44. Rogers Company has $200,000 of bonds outstanding. The bonds have an 8% annual contract interest rate. Interest is paid every six months. How much cash interest does Rogers pay every six months? 1. $4,000 2. $8,000 3. $16,000 4. $20,000 Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.