Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 10%, resulting in Chin Company receiving cash of $24,545,927. 2. First semiannual interest payment. The bond discount amortization, using the straight-line method, is combined with the semiannual interest payment. (Round your answe (Round your 1. Cash 3. interest rate or s%, receiving cash of $8,309,143, interest is payable semiannually on April 1 and October 1