On January 1,2022 , DM Inc. issues a bond with a $500,000 face value and a coupon rate of 12%. The bond matures in 5 years and pays interest monthly. The market rate is 10% on the date of issuance. The company's fiscal year-end is 12/31. 14. True or False: This bond is issued at a premium. a. True b. False 15. What is the amount of the interest payment that DM Inc. will make each interest period? a. $60,000 b. $5,000 c. $50,000 d. $4,166.67 16. What interest rate would DM Inc. use each interest period to discount their cash flows back to present value? Round to the nearest 2 decimal places. a. 12% b. 0.83% c. 10% d. 1% 17. Which of the following accurately describes the issuance price of a bond? a. A bond's issuance price is the present value of the face amount of the bond. b. A bond's issuance price is the sum of the present values of ALL the cash outflows related to the bond liability. c. A bond premium decreases the issuance price of the bond. d. B&C