The company issues 7.5%, 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 7.4%. n % PV PVA 10 7.40% 0.489731 6.895533 10 7.50% 0.485194 6.864081 20 3.70% 0.483532 13.958605 20 3.75% 0.478892 13.896204 2. What is the issue price of the bond? $_______ 3. What is the interest expense for the first interest payment? $_____