The company issues 8.0%, 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 8.2%. % 8.00% 8.20% 4.00% 4.10% CP9--submit in Canvas n 10 10 20 20 PV 0.463193 0.454703 0.456387 0.447698 PVA 6.71008 6.64997 13.59033 13.47077 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? $_____

The company issues 8.0%,10-year bonds with a total face amount of $1,000,000 with interest naid semi-annuallv. The market rate of interest is 8.2%. 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? \$