a company issued bonds with a face value of $2,000,000 and a maturity of 10 years from date of issue. the coupon rate for the bond is 4% and the payments are made semianually. if the bonds were sold at 96.5 at insurance, this indicates that the total interest expense incurred during the life of the bind is :

$870,000

$800,000

$730,000

cannot be determined from the information given