On July 1, 2014 Guinard Company issues $1,000,000, 10%, bonds payable when the market rate of interest is 8%. Use the slider below to select the relevant interest rate to answer the following questions. If the bonds have a 10-year term and are issued when the market rate of interest is 9%: a. How much semi-annual interest expense will the company report every six months? $_____ b. How much of the bond premium will the company amortize every six months? $_____ c. How much cash interest will the company pay to bondholders every six months? $_____ d. If the market rate of interest remains constant, and the number of periods decreases, the semi-annual premium amortization will. If the bonds have a 5-year term and are issued when the market rate of interest is 7%: a. How much semi-annual interest expense will the company report every six months? $_____ b. How much of the bond premium will the company amortize every six months? $_____ c How much cash interest will the company pay to bondholders every six months? $_____