Afirm issues a $10 million bond with a 7% coupon rate, 4 year maturity, and annual interest payments when market interest rates are 6%. The first period interest expense is: $600,000 $700.000 $620.791 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%. The initial book value of the bond is: $10,346,511 $12.800.000 $10.000.000