value: 1.70 points Exercise 10-3 Computing bond interest and price; recording bond issuance LO P2 Bringham Company issues bonds with a par value of $680,000 on their stated issue date. The bonds mature in 8 years and pay 8% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. (Table B.1, Table B.2, Table B.3, and Table B.4) (use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual inter est payment for these bonds? Answer is complete and correct Par (maturity) value Semiannual Rate Semiannual cash interest payment 680,000 x 4.0% 27,200 2. How many semiannual interest payments will be made on these bonds over their life? Answer is complete and correct umber 16 ents