3 Shaw Company issued 6%, 10-year bonds with a par value of $100,000 Interest is paid semiannually T

3 Shaw Company issued 6%, 10-year bonds with a par value of $100,000 Interest is paid semiannually The market interest rate on the issue date was 8%, and the issuer received $95,016 cash for the bonds On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest?

Hint: The amount of cash interest to be paid is a number between $2,800 and $3,300 (1 point)

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