Discount amortizationOn the first day of the fiscal year, a company issues a$1,200,000, 11%, 9-year bond that pays semiannual interest of$66,000 ($1,200,000 ? 11% ?

Discount amortizationOn the first day of the fiscal year, a company issues a$1,200,000, 11%, 9-year bond that pays semiannual interest of$66,000 ($1,200,000 � 11% � ½), receiving cash of $1,135, 2 answers