The company Skuldarinn ehf. issued bonds on October 1, 2015 with 10% interest. The nominal value of the bond was ISK 150,000 and it was sold at a price of 0.96. The bond is paid in one lump sum after 5 years, but interest will be paid annually or on October 1 each year.

a) What will be the book value of the share on 31 December 2015? b) What is the interest paid in 2015? c) What will be the interest expenses for the bond in the income statement for the year 2015? d) What is the interest paid in 2016?