Acme Corporation issued $100,000 face value, 9% (contractual rate), 10-year bonds. Bond interest is paid semiannually. The market rate of interest on the issue date was 8%, and as a result the Acme Corporation received $106,796 in cash for the bonds.

On the first semiannual interest payment date, the holders of these bonds would be paid:

a. $4,000

b. $4,272

c. $4,500

d. $4,806

e. Some other amount