Allegiant issues 12%, 20-year bonds with a par value of $2,000,000 and semiannual interest payments. In each separate situation, determine whether the bond is issued at par value, at a discount, or at a premium.

S 10-6 (Algo) Determining bond discount or premium LO P2 Ilegiant issues 12%,20-year bonds with a par value of $2,000,000 and semiannual interest payments. In each separate situation, etermine whether the bond is issued at par value, at a discount, or at a premium