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Use the following to answer questions 1 3 ( Round answers to the nearest dollar ) The company issues 1 0 . 0 % ,

Use the following to answer questions 13(Round answers to the nearest dollar)
The company issues 10.0%,10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 9.8%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET.
1. $___________How much will be paid in interest each interest payment?
2. $___________(rounded to nearest dollar). What is the present value of the interest payments?
3. $___________(rounded to nearest dollar). What is the issue price of the bond?

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