Question 21 View Policies Current Attempt in Progress Crane Inc. issued $1,098,000 of 10 year, 6% bonds on January 1, 2021. Interest is to be paid semi-annually. The market interest rate was 7% What is the face value of the bond? When will this be paid? Face value of the bond $ When will it be paid What interest rate will be used to determine the price of the bond? (Hint: Provide the annual rate.) Interest rate % How many interest payments will be made over the life of the bond? Number of interest payments What will the interest payments be every six months? Interest payments every six months $