Use this information to answer questions 10, 11, 12, and 13. New University plans to issue a bond with a face value of $2,000,000 to purchase athletic equipment. The bond matures in ten years and requires semi-annual interest payments at a stated annual interest rate of 4 percent. When the University issues the bond, market interest rates have risen to 5 percent. Question 10 Not yet answered Points out of 5.00 Not flaggedFlag question Question text What will be the amount of each semi-annual interest payment on the bond? Round to the closest dollar and do not include commas or a dollar sign in the answer. Answer: Question 11 Not yet answered Points out of 10.00 Not flaggedFlag question Question text How much can the university expect to receive at bond issuance, assuming that the bonds sell for their market value? Round to the closest dollar and do not use commas or include a dollar sign in the answer. Answer: Question 12 Not yet answered Points out of 10.00 Not flaggedFlag question Question text Summarize the mathematical steps and/or excel formulas that you used to get the answer to (B) above. Font familyFont size Question 13 Not yet answered Points out of 10.00 Not flaggedFlag question Question text Explain why New University expects to receive less at bond issuance than the $2,000,000 face value of the bond.