Week 2 a) What factors should be considered in determining the issue price of a debenture. (2 marks) b) on 1 July 2018 Bombo Ltd issues $2 million in six-year debentures that pay interest each six months at a coupon rate of 8 per cent. At the time of issuing the securities, the market requires a rate of return of 6 per cent. Interest expense is determined using the effective interest method. Required: 6) Determine the issue price of the debenture. (2 marks) (1) Provide the journal entries at: (6 marks) 1 July 2018, 30 June 2019,& 30 June 2020