On July 1 2006 S Strigel Chemical Company issued 5000000 face value 10% 10 year

On July 1 2006 S Strigel Chemical Company issued 5000000 face value
10% 10 year bonds at 5679533. This price resulted in an 8%
effective-interest rate on the bonds. Strigel uses the
effective-interest method to amortize bond premium or discount. The
bonds pay semiannual interest on each July 1 and January 1. 1.)Would the bond interest expense reported in 2007 be the same as
greater than or less than the amount that would be reported if the
straight-line method of amortization were used? 2.) Determine the
total cost of borrowing over the life of the bond. 3.) Would the total
bond interest expense be greater than the same as or less than the
total interest expense if the straight-line method of amortization were
used?