$2.$ Deccan Corporation issued $10\%1,000,000$ bond on January $1\mathrm{.}2011$

The market rate of interest is $12\%$

Interest is paid semi annual

The term of the bond is $5$ years.

V$.$ How much would an investor pay for this bond?

VI$.$ Make Journal entries to record the receipt of cash from the sale of the bond in Deccan Corporations books

VII. Amortize the bond discount over the term of bond using

a$.$ Straight line Method

b$.$ interest rate method

VIII. Make Journal entries to record the payment of interest on $31$ December $2011.$