5 QS 10-11 (Algo) Straight-Line: Premium bond computations LO P3 9.09 points Enviro Company issues 13.00%, 10-year bonds with a par value of $480,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.00%, which implies a selling price of 129.125. The straight-line method is used to allocate interest expense. 1. What are the issuer's cash proceeds from issuance of these bonds? eBook 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What is the amount of bond interest expense recorded on the first interest payment date? Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 References What total amount of bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid: payments of Par value at maturity Total repayments Less amount borrowed (from part 1) Total bond interest expense Required 1 Required 3 >