Nickle Industries needs to raise capital for expansion purposes. Management is considering issuing $1,000,000 of 7.5%, 20-year bonds dated June 1, 2020 with interest payment dates of December 1 and June 1. Nickle's year-end is December 31. Assuming the bonds are issued at 98 plus accrued interest on July 1, 2020, the semiannual cash payment for interest on December 1, 2020, will be O A. $37,500 O B. $20,000 OC. $43.750 OD. $31,250