Bacon Signs Inc. has $$500,000$ outstanding of $$1000$ par value bonds with a coupon interest rate of $7\mathrm{.}5\%$ and $20$ years to maturity. If Bacon Signs makes semiannual payments, how large is each payment per bond?

a$.$ $$40\mathrm{.}00$

b$.$ $$75\mathrm{.}00$

c$.$ $$37\mathrm{.}50$

d$.$ $$40\mathrm{.}50$