Dumbledore has decided to issue a 10-year, $2,500,000 bond with interest paid semiannually. The market rate (yield) for bonds of similar risk and maturity is 9%. Dumbledore is considering a stated (coupon) rate of 7%, 9%, or 11%.
1. Complete the Bond Amortization Schedules for each of the three potential stated rates. Also indicate whether the bond would be issued at a premium, discount or face amount.

Bond Amorization Schedule with Stated Rate of 7%						Bond Amorization Schedule with Stated Rate of 9%						Bond Amorization Schedule with Stated Rate of 11%
Payment	Cash Interest Payment	Interest Expense	Amortization	Balance (Carrying Value)		Payment	Cash Interest Payment	Interest Expense	Amortization	Balance (Carrying Value)		Payment	Cash Interest Payment	Interest Expense	Amortization	Balance (Carrying Value)
Beg. Balance						Beg. Balance						Beg. Balance
1						1						1
2						2						2
3						3						3
4						4						4
5						5						5
6						6						6
7						7						7
8						8						8
9						9						9
10						10						10
11						11						11
12						12						12
13						13						13
14						14						14
15						15						15
16						16						16
17						17						17
18						18						18
19						19						19
20						20						20
This bond would be issued at						This bond would be issued at						This bond would be issued at