Dickens Company is planning to issue $480,000 of 12%, ten-year bonds payable to borrow for a major expansion. The owner, Jesse Dickens, asks your advice on some related matters. Read the requirements. Requirement 1. Answer the following questions. a. At what type of bond price will Dickens Company have total interest expense equal to the Face value cash interest payments? Discount price b. Under which type of bond price will Dickens Company's total interest expense be greater than the cash interest payments? c. If the market interest rate is 13%, what type of bond price can Dickens Company expect for the bonds? Discount price Requirement 2. Compute the price of the bonds if the bonds are issued at 91. The price of the $480,000 bond issued at 91 is $ 436,800 Requirement 3. How much will Dickens Company pay in interest each year? How much will Dickens Company's interest expense be for the first year? (For this scenario we are assuming that the $480,000 bonds are issued at 91. Further assume that the straight-line method is used.) If the $480,000 bonds are issued at 91, Dickens Company will pay $ L i n interest each year