Qu. 164 Sun City issues... Sun City issues $52 million of bonds on January 1, 2018 that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:

Date	Cash Paid	Interest Expense	Decrease in Carrying Value	Carrying Value
1/1/2018				$ 65,053,443
6/30/2018	1,820,000	1,626,336	193,664	64,859,779
12/31/2018	1,820,000	1,621,494	198,506	64,661,273
Required: 1. Were the bonds issued at face amount, a discount, or a premium? 2. What is the original issue price of the bonds? 3. What is the face amount of the bonds? 4. What is the stated annual interest rate? (Hint: Be sure to provide the annual rate rather than the six month rate.) 5. What is the market annual interest rate? (Hint: Be sure to provide the annual rate rather than the six month rate.) 6. What is the total cash paid for interest assuming the bonds mature in 20 years?