The carrying value of 9% bonds with face value of $4,500,000 is $4,792,300. The bonds have 6 years to maturity. Interest is payable semiannually. Assuming that the next coupon payment is after 6 months, how much is the total interest expense until maturity?

Multiple Choice

a)$1,987,300

b) $2,137,700

c) $2,430,000

d) $2,722,300