Company is planning to issue $ 490 comma 000 of 9%, five-year bonds payable to borrow for a major expansion. The owner, Shane Jones, asks your advice on some related matters. Read the requirementsLOADING Requirement 1. Answer the following questions. a. At what type of bond price will Jones Company have total interest expense equal to the Face value cash interest payments? b. Under which type of bond price will Jones Company's total interest expense be greater Discount price than the cash interest payments? c. If the market interest rate is 12%, what type of bond price can Jones Company expect for the bonds? Discount price Requirement 2. Compute the price of the bonds if the bonds are issued at 89. The price of the $490,000 bond issued at 89 is $ 436,100 . Requirement 3. How much will Jones Company pay in interest each year? How much will Jones Company's interest expense be for the first year? (For this scenario we are assuming that the $ 490 comma 000 bonds are issued at 89. Further assume that the straight-line method is used.) If the $490,000 bonds are issued at 89, Jones Company will pay $ 44,100 in interest each year. (Round your answers to the nearest whole dollar.) Assuming that the straight-line method is used, Jones Company's interest expense will be $