McCabe Corporation issued $500,000 of 7.5%, 10-year bonds. The bonds are dated and sold on January 1, 2016. Interest payment dates are January 1 and July 1 The bonds are issued to yield the market interest rate of 8%. The price of the bonds (amount raised from ano 483.012. Meabe Corporation uses the effective interest method. What is the amount of interest expense that McCabe Corporation will record on July 1, 2016, the first semiannual interest payment to m o unded to the nearest dollar.) O A $18,725 O B. $18.750 O C. $19,320 OD. $570 Click to select your