A company issued 9% 2-year bonds with a par value of $100,000. The market rate when the bonds were issued was 9.5%. The company received $90, 300 cash for the bonds. Using the effective interest method, the amount of interest expense for the first semiannual period is $8, 578.50. $2,000.00. $4, 289.25 $4, 500.00 $4, 814.25