Tesla, Inc. issues a $600,000, 11-year bond with a stated interest rate of 9%, 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 8 years. e) Discuss the advantages and disadvantages of issuing bonds as a form of financing.