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6 a|Debentures issued at discount Deus o sBlacksLtd issues million in 6-year debentures that pay interest with a coupon rate of 9%, On 1 July

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6 a|Debentures issued at discount Deus o sBlacksLtd issues million in 6-year debentures that pay interest with a coupon rate of 9%, On 1 July 2015 sem annual At the timeofiss ingthe securities, the market requir is determined using the effective interest method. a) Determine the issue price of the debentures b) Prepare the journal entries at issue date, 31/12/2015, and 30/06/2016 5 es a rate of return of 12%. Interest expense

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