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%. 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 interest payment? \$