Dickens is planning to issue $490,000 of 9%, fifteen-year bonds payable to borrow for a major expansion. The owner, Frederick Dickens, asks your advice on some related matters. Read the requirements. Requirement 1. Answer the following questions. Face value a. At what type of bond price will Dickens have total interest expense equal to the cash interest payments? b. Under which type of bond price will Dickens's total interest expense be greater than the cash Discount price interest payments? c. If the market interest rate is 10%, what type of bond price can Dickens expect for the bonds? Discount price Requirement 2. Compute the price of the bonds if the bonds are issued at 89. The price of the $490,000 bond issued at 89 is $436100 Requirement 3. How much will Dickens pay in interest each year? How much will Dickens's interest expense be for the first year? (Assume the straight-line method is used. Dickens will pay $44100 in interest each year. (Round your answers to the nearest whole dollar.) Assuming that the straight-line method is used, Dickens's interest expense will be s for the first year