Tesla, Inc. issues a $550,000, 10-year bond with a stated interest rate of 8%, payable semi-annually. Calculate: a) The amount of cash received upon issuance. b) The semi-annual interest payment. c) The total interest expense over the life of the bond. d) The book value of the bond after 7 years. e) Discuss the advantages and disadvantages of issuing bonds as a form of financing.