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A company decides to issue $ 3 , 0 0 0 , 0 0 0 of 1 0 % , 1 0 - year bonds.

A company decides to issue $3,000,000 of 10%,10-year bonds. These bonds were issued on January 1,2024, and pay interest semiannually each June 30 and December 31. The bonds yield 12%. What is the amount of the semiannual interest payment?
a. $300,000
b. $360,000
c. $150,000
d. $180,000
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