Please assist with the given finance problems.
Assume Sherry Company sells 2,500 of its five-year, $1,000 bonds paying 12 percent interest at 103.
A. How much cash will the company receive from the bond sale?
B. How much cash will the company pay to all of the bondholders each year as interest?
C. Determine the total cash payments the company must make for each $1,000 bond to pay the bondholders their return on investment (interest) and return of their investment.
D. Is the effective (market) interest rate less than, euql to, or greater than 12 percent? How can you determine this?