sammys incorporated issued 30 year bonds on january 1, 2015. the bonds had a face value of 1000, and paid a coupon of 5 percent. on the date the bonds were issued, the market rate was 7 percent.

1. how much money did sammy receive from selling the bonds (what was the price of the bonds) show work.
2. what was sammys interest expense for each of the first three years 2015-2017. show work.