Use the following to answer questions 13 (Round answers to the nearest dollar) The company...
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Use the following to answer questions 13 (Round answers to the nearest dollar) The company issues 10.0%,10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 9.8%. Interest is paid semi-annually, DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. 1. s How much will be paid in interest each interest payment? 2. $ (rounded to nearest dollar). What is the present value of the interest payments? 3. $ (rounded to nearest dollar). What is the issue price of the bond
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