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For questions 6-10 please use the following information: On January 1, 2017, ARC Inc. issued 100 5-year bonds, with a face value of $1,000 each
For questions 6-10 please use the following information: On January 1, 2017, ARC Inc. issued 100 5-year bonds, with a face value of $1,000 each and a coupon rate of 10%, payable semiannually. The interest is paid on June 30 and December 31 of each year. The market rate of interest at the time that the bonds were issued was 13%, so that the bonds were sold for $892 each. PLEASE ROUND YOUR ANSWERS TO THE NEAREST DOLLAR. Type your answers using whole numbers only (with or without a comma to indicate thousands), but no dollar signs, decimals, or spaces. Interest expense for the January 1-June 30 period was $ Question 7 1pts Interest expense for the July1-December 31 period was $ Question 8 1pts Book value of Bonds on June 30 was $ Question 9 1pts Book value of Bonds on December 31 was $ Question 10 1 pts Interest payment on June 30 was \$
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