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Retail Supply Co . has a bond issue outstanding with a face value of $ 2 1 5 , 0 0 0 . The bonds

Retail Supply Co. has a bond issue outstanding with a face value of $215,000. The bonds have a coupon rate of 5.65 percent, pay interest semiannually, and have a current market price quote of 1.01. The tax rate is 34 percent. What is the amount of the annual interest tax shield?
Multiple Choice
$4,130.15
$4,171.45
$5,297.89
$5,125.50
$4,176.13
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