Lance Brothers acquired $720,000 0f 3% bonds, dated July 1, 2011, as a long-term investment. . Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 4% for bonds of similar risk and maturity. Lance Brothers paid $600,000 for the bonds. what the company will receive interest semiannually on June 30 and December 31.