a firm issues a $10 million bond with a 7% coupon rate, 4 year maturity, and annual interest payments when market interest rates are 6%

What is the first period interest expense is? If the market rate changes to 8% and the bonds are carried at amortized cost, the book value of the bonds at the end of the first year will be? The total interest expense reported by the issuer over the life of the bond will be?