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ABC Corporation issues a $500,000, 16 percent, 10-year bond at 108. (a) What are the proceeds the company receives upon issuance of the bond? (b

ABC Corporation issues a $500,000, 16 percent, 10-year bond at 108. (a) What are the proceeds the company receives upon issuance of the bond? (b ) What is the amount of the premium? (c) What is the annual premium amortization? (d) By using the formula if required rate of return is also 16%, and par value is $1000, find the value of bond at time equal to 0.

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