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1 ) Considering Rihanna Work Work Inc. ' s financing decision for her studio through bond issuance, where she aims to borrow $ 2 ,

1) Considering Rihanna Work Work Inc.'s financing decision for her studio through bond issuance, where she aims to borrow $2,000,000 with a 9% coupon rate and semi-annual interest payments over a 10-year bond maturity period, while the current market interest rate in the music industry stands at 13%, the following questions arise:
1) Based on the coupon rate and market interest rate, is the bond being issued at a discount, par, or premium?
2) What is the semi-annual interest payment?
3) What is the present value (PV) of the interest payments?
4) What is the present value (PV) of the principal payment?
5) What is the price or value of the bond?"

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