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8 Mindsetta Music Inc. issued bonds on March 1, 2020, with a par value of $490,000. The bonds mature in 15 years and pay 11.00%

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8 Mindsetta Music Inc. issued bonds on March 1, 2020, with a par value of $490,000. The bonds mature in 15 years and pay 11.00% annual interest in two semiannual payments. On the issue date, the annual market rate of interest for the bonds turned out to be 12%. (Use Table 14A.1 and Table 14A.2.) (Use appropriate factor(s) from the tables provided.) a. What is the size of the semiannual interest payment for these bonds? Size of semi-annual payment b. How many semiannual interest payments will be made on these bonds over their life? Number of payments c. Use the information about the interest rates to decide whether the bonds were issued at par, at a discount, or at a premium

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