The annual coupon rate for an inverse floater is (10% - T-bill rate) and coupon payments are made annually. The face value of the bond is $1,000,000. Assume that the current T-bill rate for the specific period is 4%. What would be the coupon payment for the inverse floater in this period?

Group of answer choices

None

$40,000

$70,000

$60.000

$100,000