Adonis Corporation issued 10-year, 9% bonds with a par value of $260,000. Interest is paid semiannually. The market rate on the issue date was 8%. Adonis received $277,671 in cash proceeds. Which of the following statements is true? a) Adonis must pay $260,000 at maturity plus 20 interest payments of $11,700 each. b) Adonis must pay $260,000 at maturity plus 20 interest payments of $10,400 each. c) Adonis must pay $260,000 at maturity and no interest payments. d) Adonis must pay $277,671 at maturity plus 20 interest payments of $11,700 each. e) Adonis must pay $277,671 at maturity and no interest payments.

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