Use the following to answer questions 1-3 (Round answers to the nearest dollar) statedrate The company issues 9.0%, 10-year bonds with a total face amount of $500,000. The market interest rate for bonds of similar risk and maturity is 9.2%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. 1. $22,500 Determine the semi-annual interest payment for this bond I-500,000 1% -22,500 2. $ (rounded to nearest dollar). What is the present value of these interest payments? 22.500x N=R I/4FV=0 PMT=22,500 cet ev DVA = 3. $49968 (rounded to nearest dollar). What is the issue price of the bond? N=18 1/4=46 PV=4931CX PMT = 22,500 FV=500,000