1. At what price should this bond offering sell?
2. Create a table showing the amortized premium or discount the first three periods of the bonds.
3. How much is the book value of the bonds at the end of the first year (2 payments)?

Renegade Corporation issued $60,000,000 semiannual bonds which mature in 5 years. The bonds pay a 10% coupon rate compounded semiannually. The current market rate for similar bonds is 8%