A company has 80,000 in outstanding

Ched QS 10-6 Straight-Line: Bond computations LO P2 Enviro Company issues 8%, 10-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 12. The straight-lne method is used to allocate intere expense Using the implied selling price of 87%, what are the issuers cash proceeds frorm issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? mount repaid: Par value at maturity Total repayments Less amount borrowed (from part 1) Total bond interest expense 3. What is the amount of bond interest expense recorded on the first interest payment date?