On September $1,2024,$ Contemporary Products, issued $$16$ million of its $10\%$ bonds at face value. The bonds are dated June $1,2024,$ and mature on May $30,2034.$ Interest is payable semiannually on June $1$ and December $1.$ At the time of issuance, Contemporary Products would receive cash proceeds that would include accrued interest of:

Multiple Choice

$$200,000.$

$$400,000.$

$$1\mathrm{.}6$ million.

Zero.