Required: Compute the bonds' issue price in each scenario using the appropriate present value tables: a. Cambridge Corporation issued $1,200,000 of 7% bonds that mature in five (5) years. Compute the bond issue price assuming that the market rate for similar bonds is 10%; b. Walker Company issues $5,000,000 of 12% bonds that pay interest semiannually and mature in ten (10) years. Compute the bond issue price assuming that the market rate for similar bonds is 10%; Under which scenario (a or b) will the issuing company record periodic interest expense that is less than the cash interest payment made? c