On January 1, a company issued 10%, 15-year bonds with a face amount of $100 million for $92,733,127.41 to yield 11%. Interest is paid semiannually. What was interest expense at the effective interest rate on June 30, the first interest date? (Enter your answers in whole dollars. Round percentage answers to 2 decimal places. (i.e., .234 should be entered as 2.34).)

Amount x Effective Rate (%) = Interest Expense