Use the following to answer questions 16-20 ALN issues 6.0% 20-year bonds with a face amount of $500,000 for $497,144.12. The market interest rate for bonds of 16. $ Determine the interest payment to nearest dollar). Determine interest expense for the first interest payment 18. What will happen to interest expense each interest payment? (Increase, decrease, remain constant 19. What will happen to the bond iability (carrying value) each interest payment? (increase, decrease, constant). How much will the company pay out when the bonds mature in 20 years (assume all interest payments have already been paid)? 21. S (rounded to nearest dollar) A ten year bond issue with a face amount of $100,000 bears interest at the rate of 5.25%. The current market rate of interest is 5.20%. Determine the issue price of this annual bond 22. Bond X and Bond Y are both issued by the same company.Each of the bonds has a face value of $100,000 and each matures in 10 years. Bond X pays 8% interest while Bond Y pays 7% interest. The current market rate of interest is 7%, which of the following is correct? a. Both bonds will sell for the same amount. b. Bond X will sell for more than Bond Y c. Bond Y will sell for more than Bond X d. Both bonds will sell at a premium. 23. Given the information below, which bond(s) will be issued at a discount? Bond 1Bond 2 Stated Rate of Return Market Rate of Return 5% 7% 7% 8% Bond 3 12% 12% Bond 4 10% 9% 24, % BAD Company issues 5.0%, 10-year bonds with a face amount of S500.000 on January 1, 2016 for Interest is paid semiannually on June 30 and December 31. What was the market interest rate for the $500,000. bond issuance