Bringham Company issues bonds with a par value of $510,000 on their stated issue date. The bonds mature in 9 years and pay 7% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.)

1. What is the amount of each semiannual interest payment for these bonds? Semiannual Rate Semiannual cash interest payment Pa r (maturity) value