E$.$F:$12-24$

Makas Company

Company pays interest each Jaruary $1$ and July $1$ and amortizes discount or jpremium by

The struigfi$-$llhe amorlizalien methed. The company can issue fs ponds payable under

va$$ows concitions

Requiremerits

Soumalice Maka Company's lssuanca of the bonds and first semlamimal intenest

cayment assuming the bonils were ssued al face valse Explanations are not

Inumalure Makal Company's issuance of the bonds and Iirsl semlamual meresi

paymen assuming the bonds were Essued ef $95.$ Explantationis are not required.

Jolumallze Makal Company's issuance on the boncls anid Firgt semiantual interest

paymert assurrurg ithe bonds ware sssued at $106$ Explanalions ares nol required

Which bond price results in the most interest experise Kor Makai Comparty? Explain

in$.$ detail.