4 On May 1, 2021, Ple Inc. issued sixyear, 4% bonds with a face value of $700,000. The bonds provide the bondholders a 6% yield and pay interest semi-annually on May 1 and November 1. The company follows IFRS, has an November 30 year-end, and uses the effective interest method to amortize any discount or premium. REQUIRED: (1). Calculate the bond issue price, state whether the bond is issued at a premium or discount and state the premium or discount amount (in positive terms). Round issue price to nearest whole dollar (O decimals) using the ROUND formula. The i/y or rate can be entered as a decimal or whole number