7 Section 1 - Q7 6 pts Assume Ginsberg issued 100-year bonds on January 1, 1921 (e.g., maturity date is December 31, 2020). The debt has a face value of $1,000,000 and an annual stated interest rate of 8%. Interest payments are due semiannually beginning June 30, 1921. The market interest rate on the bonds is 10%. Ginsberg amortizes any discount or premium using the effective interest method. What would be the interest expense for the 6-month period ending June 30, 2011? PV(i= %, n= for 6 month period ending 6/30/YR11 pmt= FV= , O) * Interest Rate = % Interest Expense