QI: ABC issues $950,000 of 12% bonds, semiannual interest for $1,068,391, market rate is 10%. 20 sec ABC's interest expense of first 6 months is $47,500 ABC's interest expense of first 6 months is $53,420 ABC's interest expense of first 6 months is $57,000. ABC's interest expense of first 6 months is $64,103. QI: ABC issues $950,000 of 12% bonds, semiannual interest for $1,068,391, market rate is 10%. 20 sec ABC's interest expense of first 6 months is $47,500 ABC's interest expense of first 6 months is $53,420 ABC's interest expense of first 6 months is $57,000. ABC's interest expense of first 6 months is $64,103