The company issues 5% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 5.6%. n % PV PVA 10 5.00% 0.61391 7.7217 10 5.60% 0.57991 7.5016 20 2.50% 0.61027 15.5892 20 2.80% 0.57562 15.1563 ROUND ANSWERS TO NEAREST DOLLAR 1. What is the issue price of the bond? $_______ 2. What is the amount of the discount or premium? $________ 3. What is the interest expense for the first interest payment? $_____ 4. What is the bond liability after the first interest payment? $_______ 5. What is the interest expense for the second intere