A 5-year, $1,000,000 zero coupon bond is priced to yield 8% and was sold on January 1, 20X2. The interest expense for the second year would be?

A 5 year $1,000,000 rero coupon bond is priced to yield 8% and was sold on Januery 1,202. The interest expense for the second year would be. Multiple Choice 554,446,66 $58,80239 Some other number 55335950 $.53,664.06