E3.10. Valuation of Bonds and the Accounting for Bonds, Borrowing Costs, and Bond Revaluations (Hard) On January 1, 2008, Debtor Corporation issued 10,000 five-year bonds with a face value of $1,000 and an annual coupon of 4 percent. Bonds of similar risk were yielding 8 percent p.a. in the market at the time. a. What did the firm receive for each bond issued? b. At the end of 2008, the market was still yielding 8 percent on the bonds.