Cassius Corporation issued $2,000,000, 10 year, 6% bonds on January 1, 2019. The bonds pay interest annually on January 1.

1. What is the annual interest payment?

2. How many interest payment periods are there?

3 If the bonds sold at 98% of face value?

4. Did they sell at a discount or premium?

5. What is the discount or premium amount?

6. How much of the discount or premium would be amortized on each interest payment period?

7 If the bonds are sold at 103% of face value

8. Did they sell at a discount or premium?

9. What is the discount or premium amount?

10 How much of the discount or premium would be amortized on each interest payment period?