A five-year, non-interest-bearing. $5,000 note, dated January 1, 2017, has a present value of $3,917. The market rate of interest is 5%. Interest expense for the period ending December 31, 2017.is $392 $196. $250. $217. D Question 8 2 pts A coupon payment is the payment of principal that is the coupon' of the total payments. the amount of interest expense reported on the income statement. calculated by multiplying the book value of the bonds times the effective rate of interest. the amount paid to bondholders on each interest payment date