how to get the issue price (8,456)

Face Value Maturity Compounding Period Coupon Rate Market Interest Rate 10,000 5 years Semi-annually 6% 10% Issue price 8,456 (b) (C) Interest expense over the life of the bond (issued at a discount) (a) (d) Interest expense Cash interest Difference Book value period (beginning BV*10%/2) (6% *10,000/2) (a) - (b) 0 8,456 1 423 300 123 8,579 2 429 300 129 8,708 3 435 300 135 8,843 442 300 142 8,985 449 300 149 9,135 457 300 157 9,291 465 300 165 9,456 8 473 300 173 9,629 9 481 300 181 9,810 10 490 300 190 10,000 OOONOWN