5 points are On 1 July 2018 Power Ltd. issues $10 million in five-year debentures that pay interest each six months at a coupon rate of 5 per cent. At the time of issuing the securities, the market requires a rate of return of 8 percent Interest expense is determined using the effective interest method Required: Determine if the debenture is issued premium or discount? (2 marks) Determine the Faur Value of the Debentures