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Holiday Brands issued $33 million of 6%, 30-year bonds for $30.5 million. What is the amount of interest that Holiday will pay semiannually to bondholders?

Holiday Brands issued $33 million of 6%, 30-year bonds for $30.5 million. What is the amount of interest that Holiday will pay semiannually to bondholders? (Enter your answers in whole dollars.)

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