14-3 Bringham Company issues 10 year, annual interest 6%, semiannual interest paying, par value $700,000 bonds. On the issue date, the annual market rate for the bonds is 8%. 1.What is the amount of each semiannual interest payment on these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to determine whether the bonds are issued at par, at a discount, or at a premium. 4.Compute the price of the bonds as of their issue date. 5. Prepare the journal entry to record the bonds' issuance