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For 4-6 use the following: The company issues 6% 5-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate
For 4-6 use the following: The company issues 6% 5-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 6.2%. 5 6.00% PV$1 PVA 0.74726 4.2124 0.740254.1895 6.20% 3.00% 0.74409 8.5302 10 3.10% 0.73691 8.4868 4. What is the issue price of the bond? $. 5. What is the interest expense for the first interest payment? $ 6. What is the bond liability after the first interest payment? $
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