Chapter 9 Homework Submit your answers in CANVAS before it is due USE THE PV Factor Tables (located in Module 8 in Canvas) or the TI BAII Plus Financial Calculator to answer the following questions relating to the time value of money. Use the following to answer questions 1 - 3 (Round answers to the nearest dollar) GLD Corp issues 8%, 10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 8.1%. Interest is paid semiannually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. 1. $ _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