value: 1.90 points Exercise 10-8 Computing bond interest and price; recording bond issuance LO P3 Citywide Company issues bonds with a par value of $70,000 on their stated issue date. The bonds mature in eight years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (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 interest payment for these bonds? Semiannual Rate Semiannual cash interest payment Par (maturity) value 2. How many semiannual interest payments will be made on these bonds over their life? Number of payments 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a At par At a discount OAt a premium