7. Lassen Corporation issued ten-year term bonds on January 1,207, with a face value of $800,000. The face interest rate is 7 percent and interest is payable semi-annually on June 30 and December 31 . The bonds were issued for $745,641 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. Prepare a bonds amortization table for the first three periods. Period 1745,641 2 3 8. Bonds that carry a provision that allows the bondholder to exchange the bond for other securities (for example, common stock) of the issuing corporation are called: A) secured bonds B) callable bonds C) serial bonds D) convertible bonds