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Johnson Company issued $4,000,000 of bonds with an interest rate of 6% and 5 year...

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Johnson Company issued $4,000,000 of bonds with an interest rate of 6% and 5 year maturity. The bonds were issued at a price of 99%. 3960000 1 How much cash did Johnson Company receive at issuance? 2 How much will Johnson need to pay off the bonds at maturity? 3 How much interest will Johnson pay per year? Discount 4 Were the bonds issued at face value, at a discount, or at a premium

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