An investor is interested in purchasing 100 Senior Note Corporate Bonds from Home Depot that has a coupon rate of 5.95000% and a maturity date of April 1^st, 2041. The offering amount and principal amount for the bond are respectively $1,000,000 and $1,000. Based on the information given above, how much annual interest can the investor expect to receive?

$5,950

$59.50

$29.75

$2,975.00