10 Not yet answered Points out of 8.00 Flag question For the next 3 Questions: Round your answer to the nearest dollar, such as 12345. (No need to write $ as $ is already in front of the box.) (Allowance is set + or - $1.) Use the effective interest rate method. The following information pertains to a bond issue of the VWX Corporation: Maturity value: $1,000,000 Maturity date: December 31, 2023 Stated interest rate (Coupon rate): 5.25% Interest payments are made annually on December 31st Date of issue: January 1, 2016 Effective (market) interest rate (Yield to maturity) at issue: 4.75% VWX financed $ by this bond issue on January 1, 2016. (Assume there was no expenses on issuing the bond.) Question 11 Not yet answered Points out of 8.00 Flag question The VWX's interest expense in 2021 is $ Question 12 Not yet answered Points out of 8.00 Flag question On December 31, 2021, when the market interest rate (=the yield to maturity) of the bond is 4.20%, VWX de-recognized entire bond by paying the market value + $5,000. Determine the amount of the gain or loss on the bond de-recognition. Assume the coupon is paid before the bond de-recognition, and the bond was completely repurchased on 12/31/2021. (If it is a loss, express the amount by a negative number using - sign in front of the amount, such as -123.)