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For each of the following situations, calculate the amount of bond discount or premium, if any. (Do not round your intermediate calculations.) a. Gray Co.
For each of the following situations, calculate the amount of bond discount or premium, if any. (Do not round your intermediate calculations.)
| a. | Gray Co. issued $58,000 of 6 percent bonds at 101 1/2 | $_______ | Discount or Premium? |
| b. | Bush, Inc. issued $81,000 of 10-year, 6 percent bonds at 95 1/2 | $_______ | Discount or Premium? |
| c. | Oak, Inc. issued $184,000 of 20-year, 6 percent bonds at 102 | $_______ | Discount or premium? |
| d. | Willow Co. issued $160,000 of 15-year, 7 percent bonds at 95 | $_______ | Discount or premium? |
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