10.21 1 Tale 2018 Rankin Ltd issues $1 million in 10-year debentures that pay interest each six months at a coupon rate of 10 per cent. At the time of issuing the securities, the market requires a rate of return of 12 per cent. Interest expense is determined using the effective-interest method. REQUIRED (a) Determine the issue price. (b) Provide the journal entries at: 1 July 2018 30 June 2019 (iii) 30 June 2020. (i) (ii)