Help Center? question, you must soive to the monthy loan payment wNICN is equal to the loan amount divided by the present value or an annuity factor. Question 3 0/3 points Barney Inc. has bonds outstanding that were issued at a premium. The bonds were issued on January 1 and pay interest on June 30 and December 31. At the beginning of the current year the bonds had a carrying value of $ 108000. The bonds have a face value of $ 85000. The bonds pay interest at an annual interest rate of 7 %. The annual market rate on the bonds at the time they were issued was 5 %. The current annual market rate on bonds is 3 %. Calculate interest expense for the year on the bonds. Round your answer to the nearest dollar. (Please note that you do not require present value tables to answer this question so their omission is deliberate.) Answer: 4307 x (5393) Question 4 1.6 /2 points Which of the following are advantages of issuing shares to new shareholders instead of selling bonds? Not having to be subiect to restrictive debt covenants