2. On January 1, 2018, GamePro, issued a $1,000,000 face value. The bond matures on December 31, 2022 with a stated coupon rate of 5% annually at an effective interest rate of 4% which sold for $1,044,913. Interest is paid semi-annually on July 1 and December 31. GamePro uses the effective-interest method of amortization. (You can check to see if the bond is sold for the right amount by using the calculation you learned in lecture) a) How many years is the life of the bond? b) Prepare the amortization table for the life of the bond. (Hint: the initial purchase and 1st period interest payment has been provided) Semi Annual Coupon Interest Premium Amort Amount Carrying Payment Expense Amount $1,044,913 1,040,811 $20,898 $4,102 Date Jan-01 2018 Jul-01 2018 Dec-31 2018 Jul-01 2019 Dec-31 2019 Jul-01 2020 Dec-31 2020 Jul-01 2021 Dec-31 2021 Jul-01 2022 Dec-31 2022 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000