Question: In early 2 0 2 0 , CAT issued $ 5 0 0 million of 1 0 - year, 1 . 9 % bonds with

In early 2020, CAT issued $500 million of 10-year, 1.9% bonds with a yield of 2%. The bonds pay interest semi-annually. Calculate the interest expense that CAT reported in 2022 on the bonds described. Round your answer to the nearest thousand dollars
In early 2 0 2 0 , CAT issued $ 5 0 0 million of

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