QS 14-6 Straight-Line: Bond computations LO P2 Enviro Company issues 8%,10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue da annual market rate for these bonds is 10%, which implies a selling price of 8721. The straight-line method is used to allocate expense. 1. Using the implied selling price of 87 1/2, what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds