Enviro Company issues 11.00%, 10-year bonds with a par value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 124 7/8. The straight-line method is used to allocate interest expense.

Enviro Company issues 11.00%, 10-year bonds with a par value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 124 7/8. The straight-line method is used to allocate Interest expense. 1. Using the implied selling price of 124 7/8. what are the issuer's cash proceeds from Issuance of these bonds? Cath pood 2. What total amount of bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repald: payments of Par value at maturity Total repayments Less amount borrowed (from part 1) Total bond Interest expense 0 $ 0 3. What is the amount of bond interest expense recorded on the first interest payment date? Band interest expenso