Question - X Inc. is planning to issue a $1,000 face value bond with an annual can pan rate at 7.5% that matures in 5 years. X Inc. is planning to pay quarterly interest payments. Similar X Inc. bands are quoting at 95% at par.
What is the amount of a single interest payment that X Inc. will make?
$75.00
$95.00
$27.75
$18.75