Mindsetta Music Inc. issued bonds on March $1,2023,$ with a par value of $$430,000.$ The bonds mature in $15$ years and pay $8\mathrm{.}00\%$ annual interest in two semiannual payments. On the issue date, the annual market rate of interest for the bonds turned out to be $10\%.($Use Table $14$A$\mathrm{.}1$ and Table $14$A$\mathrm{.}2.)($Use appropriate factor$($s$)$ from the tables provided.$)$

a$.$ What is the size of the semiannual interest payment for these bonds?

b$.$ How many semiannual interest payments will be made on these bonds over their life?

c$.$ Use the information about the interest rates to decide whether the bonds were issued at par, at a discount, or at a premium.

multiple choice

Issued at a discount

Issued at a premium

Issued at par

d$.$ Estimate the market value of the bonds as of the date they were issued. $($Round the final answers to the nearest whole dollar.$)$

e$.$ Present the journal entry that would be made to record the bonds$$ issuance. $($Round the final answers to the nearest whole dollar.$)$