Otter Creek $$& Co$.$ owns vast amounts of corporate bonds. Suppose Otter Creek buys $ $1,200,000$ of MesoCorp bonds at face value on January$2,2024.$ The MesoCorp bonds pay interest at the annual rate of $6\%$ on June $30$ and December $31$ and mature on December$31,2043.$ Otter Creek intends to hold the investment until maturity.