snow corp sells bonds to sled corp on january 1, 2010 that will mature in 10 years. the face value of the bonds is $50,000 and the annual stated rate is 6%. the bond pays interest annually on december 31. the market rate for the snow corp bonds is 4% on 1/1/2010, 8% on 6/30/2010, and 10% on 12/31/2010. the fair market value of the bonds on december 31, 2010 is equal to $38,481.95. assume that all fair-market value adjustments (if needed) are made at the end of the year (december 31). answer the following questions with the above information.