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Your Company issued a $150,000 face value bond on January 1, 2015. The 20-year term bond was issued at par and had a 2% stated

Your Company issued a $150,000 face value bond on January 1, 2015. The 20-year term bond was issued at par and had a 2% stated rate of interest that is payable in cash semiannually. What is the interest expense related to the first bond payment on June 30, 2015?

A. $1,000

B. $1,500

C. $3,000

D. $750

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