13 Company H issues a $20,000,000 bond on January 1, 2020 with a coupon rate of 9%. The present value of the bond is $20,811,010 and the market rate of interest was 8%. The bond has a 5-year life and will make semiannual interest payments and will use the straight-line amortization method.

1. Is the bond issued at a face value, a discount, or premium?
2. What is the amount of the semi-annual interest payments?
3. What is the amount that will be recorded to interest expense each time an interest payment is made?
4. What is the carrying value of the bond on December 31, 2021?