Under the effective interest method of amortizing a bond discount, for each semi-annual interest payment, which of the following happens? Interest expense increases and the bond carrying value decreases Interest expense decreases and the bond carrying value decreases Interest expense decreases and the bond carrying value increases O Interest expense increases and the bond carrying value increases Which of the following is true? If a bond sells for more than face value, the market rate of interest was more than the coupon interest. The coupon rate determines the yearly interest expense on bonds. The current market price of the bond does not affect the amount that the company pays in periodic cash interest payments. Interest expense increases each period when a bond is issued at a premium. Debenture bonds are secured by specific assets of the company. Use the Present Value tables at the end of Appendix A of your textbook to answer the following questions. Round each portion of your answer to the nearest dollar. On Jan. 1, 2013, a company purchased a building for $740,000, making a cash down payment of 20% and signing an 8% 5-year note requiring equal semi-annual payments for the balance. Payments are to be made on June 30 and Dec. 31. Compute the amount of each semi-annual payment. $148,259 $59,200 $96,667 $72,988 $91,234