The Company issues with a par value of $400,000. The bonds' annual contract rate is 13%, and interest is paid semiannually twice a yoar. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $409,850. 1. (8pts.) This will sell bond at a of $ This will the interest 2. (4ots. What is the semi-annual interest payments that will be paid every 6 months? show your work 3. (4pts.) What is the total cash interest that will be paid over the life of these bonds? show your work (6pts.) How much total bond interest expense will be recognized over the life of these bonds? show your work The Company issues with a par value of $400,000. The bonds' annual contract rate is 13%, and interest is paid semiannually twice a yoar. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $409,850. 1. (8pts.) This will sell bond at a of $ This will the interest 2. (4ots. What is the semi-annual interest payments that will be paid every 6 months? show your work 3. (4pts.) What is the total cash interest that will be paid over the life of these bonds? show your work (6pts.) How much total bond interest expense will be recognized over the life of these bonds? show your work