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A corporation has just issued a 10year bond with a coupon rate of 6% and semiannual coupon payments. The bond was issued to yield 8%,

A corporation has just issued a 10year bond with a coupon rate of 6% and semiannual coupon payments. The bond was issued to yield 8%, and the issue price was $864.10. What is the interest expense related to the bonds for the first six months after issuance?

$60

$25.44

$34.56

$30

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