lle durir that her mother owns Hartville be impartial. Short Exercises S9-1. (Learning Objective 1: Review of bonds issued at a discount) Read each statement below, indicate if it is true or false, and give a brief explanation of your answer. 1. When a bond is issued at a discount, the semiannual amount of interest expense will be greater than the cash payment for interest. 2. When a bond is sold at a discount, the maturity value is less than the present value of the principal and interest payments, based on the market rate of interest on the date of issue. 3. When a bond is issued at a discount, the semiannual cash interest payments are calculated using the market interest rate on the date of issue. 4.When a bond is sold at a discount, the cash received is less than the present value of the future cash flows from the bond, which are based on the market rate of interest on the date of issue