Sun City issues 501 million of bonds on January 1, 2021 that pay interest semiannually on June 36 ond December 31. A portion of the bond amortization schedule appears below Cash Interest Decrease in Carrying Date Paid Expense Carrying Valu Valge 01/01/2021 145,738,528 06/30/2021 $1,435,000 $1,372,150 562,144 45,675,614 12/31/2021 1,435,000 1,370,271 64,729 45,610,955 30 Required: 1. Were the bonds issued at face amount a discount, or a premium? Discount Premium Face amount 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) Stated annual interest rate % 5. What is the market annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate) Market annual interest rate 6. What is the total cash paid for interest assuming the bonds mature in 20 years? Interest paid Sun City issues $41 million of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below: Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 Interest Expense $1,372,156 1,370,271 Decrease in Carrying Value $62,844 64,729 Carrying Value $45,738,528 45,675,684 45,610,955 $1,435,000 1,435, eae Required: 1. Were the bonds issued at face amount, a discount, or a premium? Discount Premium Face amount 2. What is the original issue price of the bonds? Original price 3. What is the face amount of the bonds? 4 3 Din 14:11 4. What is the stated annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate) Gated annual real 5. What is the market annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate) Maria interneta 6. What is the total cash paid for interest assuming the bonds mature in 20 years? I paid