Assignment 3 (Chapters 8, 9&10) Seved 2 35 points 003854 Stein Corporation issued a $900 bond on January 1, year 1. The bond specified an interest rate of 8 percent payable at the end of each year. The bond matures at the end of year 3. It was sold at a market rate of 10 percent per year. The following schedule was completed Use Table 9C1. Table 9C2 January 1, year 1 (issuance) December 31, year 1 December 31, year 2 December 31, year 3 Required: Cash Paid Interest Expense Amortization Carrying Amount $855 $14 15 16 ? 1. What was the bond's issue price? (Round "PV factor" to 4 decimal places. Round the final answer to the nearest whole dollar.) stun price $ 855 2-a. Did the bond sell at a discount or a premium? Discount O Premium 2-b. How much was the premium or discount? Discount $ 45 3. What amount of cash was paid each year for bond Interest? 4