Homework Answers
| Issue price of the bonds = 610000/1.025^10+610000*3%*(1.025^10-1)/(0.025*1.025^10) = | $ 6,36,694 | ||||
| Semi annual interest periods | Interest payment | Interest expense | Premium amortization | Unamortized premium | Bond carrying amount |
| Jan 1/18 | $ 6,36,694 | ||||
| Jul 1/18 | $ 18,300 | $ 15,917 | $ 2,383 | $ 24,311 | $ 6,34,311 |
| Jan 1/19 | $ 18,300 | $ 15,858 | $ 2,442 | $ 21,869 | $ 6,31,869 |
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