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High Fence Corporation issued $ 3 0 0 , 0 0 0 of 1 0 - year, 9 percent bonds interest rate on January 1

High Fence Corporation issued $300,000 of 10-year, 9 percent bonds interest rate on January 1,2022, when the market interest rate is 12 percent. High Fence makes semi-annual interest payments. How much cash will be paid on June 30,2022?
a.
$18,000
b.
$15,000
c.
$13,500
d.
$12,500

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