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A company purchased bonds on July 1, 2024, for $107,106. This price represents a market rate of 7% on bonds that have a face amount

A company purchased bonds on July 1, 2024, for $107,106. This price represents a market rate of 7% on bonds that have a face amount of $100,000, have a stated rate of 8%, pay semiannual interest, and mature in 10 years. What is the amount of interest revenue as of December 31, 2024?

$4,000

$7,497

$8,000

$3,749

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