8 Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments on the issue date, the annual market rate for these bonds is 5%, which implies a selling price of 123 The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 123 %, what are the issuers cash proceeds from issuance of these bonds? eBook Hint Print References 2. What total amount of bond interest expense will be recognized over the life of these bonds? Amount repaid payments of Par value at maturity Total ropayments Less amount borrowed (from part 1) Total bond interest expense