I need help with 1-7 please
Use the following to answer questions 1 3 (Round answers to the nearest dollar) BA Corp issues 5.0%, 10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 5.1%. Interest is paid annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. 1. $ How much will be paid in interest each interest payment? 2. $ (rounded to nearest dollar). What is the present value of the interest payments? 3. $ (rounded to nearest dollar). What is the issue price of the bond? Use the following to answer questions 4 - 7 (Round answers to the nearest dollar) TR issues 6.9%, 5-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 6.8%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET (input your answers after you've completed the entire problem). 4. $ (rounded to nearest dollar). What is the issue price of the bond? Use the following to answer questions 4 - 7 (Round answers to the nearest dollar) TR issues 6.9%, 5-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 6.8%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET (input your answers after you've completed the entire problem). 4. $ (rounded to nearest dollar). What is the issue price of the bond? 5. $ (rounded to nearest dollar). When the company records the first interest payment, how much will the company record for interest expense? 6. $ (rounded to nearest dollar). What is the bond liability (carrying amount) after the first interest payment? 7. $ (rounded to nearest dollar). When the company records the second interest payment, how much will the company record for interest expense