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Penny Corporation issued $ 4 0 0 , 0 0 0 of 5 % , 1 0 - year bonds on January 1 , 2

Penny Corporation issued $400,000 of 5%,10-year bonds on January 1,2024, for $370,247. This price provided a yield of 6% on the bonds. Interest is payable semiannually on June 30 and December 31. What would be the total interest expense recognized for the bond issue over its full term?
$170,247
$219,237
$200,000
$229,753
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