1) A higher discount rate produces a higher present value

True

False

2)If the market rate of interest at the date of issuance of a bond is greater than the stated interest rate, the bond will be issued at a premium.

true or false

3)If bonds sell at a premium, the interest expense recognized each year will be greater than the bond interest paid.

true or false

4) Total interest cost for a bond issued at a premium equals the total of the annual interest payments in cash minus the premium.

true or false

5) the carrying value of a bond is equal to the market price on the date of issuance

true or false