JP Morgan underwrites an issuance of U of A bonds with a par value of $75 million, 12 years until maturity, and annual coupon payments. The coupon rate is set at 3.5% the day before the issuance. If interest rates change by the following amount the day of the issuance, how much money will U of A actually raise?

Decrease by 0.5%

Decrease by 0.25%

Remain unchanged

Increase by 0.25%

Increase by 0.50%