Tim bought $80,000 of ABC corporate bonds at a price of 109. The bonds have a maturity date of July 1, 20xx, and a coupon rate of 5%. Assume that Tim purchased the bonds on August 1, 20xx, 30 days after the last coupon payment. How much accrued interest will Tim pay on the bonds? $542.64 $328.77 $475.88 $164.39