A firm issues a 4-year semiannual-pay bond

问题：

A firm issues a 4-year semiannual-pay bond with a face value of $10 million and a coupon rate of 10%. The market interest rate is 11% when the bond is issued. The interest expense for the first semiannual period and the balance sheet liability at the end of the first semiannual period are closest to:Interest expenseBalance sheet liability （）①A. $ 532580 $ 9683272 ②B. $ 532580 $ 9715852 ③C. $ 550000 $ 9683272

A. ①

B. ②

C. ③