Thomas Company is planning to issue $530,000 of 9%, 15 year bends payable to borrow for a major expansion The owner. Franky Thomas, asks your advice on some related matters. Read the requirements a. interest payments? Under which type of bond price wil Thomas Company's total interest expense be greater than the b. cash interest payments? If the market interest rate is 10%, what type of bond price can Thomas Company expect for the c. bonds? Requirement 2. Compule the price of the bonds if the bonds are issued at 86 The price of the $530,000 bond issued at 86 is Requirement 3. How much will Thomas Company pay in interest each year? How much will Thomas Company's interest expense be for tho first year? (For this scenanio wie are assuming that the $530,000 bonds are issued at 86 . Further assume that the straight-fine method is used ) If the $530,000 bonds are issued at 86 . Thomas Company will pay this amount of laterest each year (Round your answers to the nearest wholo dollar:) Assuming that the straight-line mothod is used, Thomas Cornpany's interest expense for the firstyear will be