can you first of year one Congress was always issued 3250,000 and 7% bonds to pay interest in the annually on January 1st and July 1st of bond issue Praises 2970,000 on the market rate of interest for similar bonds is 8% of bond premium or discount is being amortized at a rate of 9,333 every 6 months the amount of interest expense recognized by Congress was always on the bond issue in your one would be