Multiple Choice $4,130.15 $4,171.45 $5,297.89 $4,176.13 $5,125.50

Retail Supply Co. has a bond issue outstanding with a face value of $215,000. The bonds have a coupon rate of 5.65 percent, pay interest semiannually, and have a current market price quote of 1.01. The tax rate is 34 percent What is the amount of the annual interest tax shield? Multiple Choice O O O O O $4,1301S $4,171.45 $5,297.89 $4,176.13 ss,125.so