Use the following information to answer questions 1-4. yche Inc. issued 4% bonds on October 1, 2020. The bonds have a maturity date of September 30, 2030 (10-year maturity) and a face value of $300 million. The bonds pay Interest each March 31 and September 30, beginning March 31, 2021. Tyche has a December 31 year end. 1) Assume the market rate was 6% at the issue date. Using the tables attached to this exam, of using your calculator, determine the price of the bonds on the issue date (rounded to the nearest thousand). a) $ 255,369,000. b) $ 211,678,000. c) $ 162,360,000. d) $274,408,000. 2) Now, assume the market rate was 5% and the price of the bonds on the issue date was $276,616,000 (in other words, start with this number for this question), and that Tyche uses the effective interest method of accounting for the bond. What total interest expense would Tyche recognize for 2020? (Hint: Recording the year-end adjusting entry will help.) a) $ 5,532,320. b) $3,750,000. c) $3,457,700. d) $ 6,915,400