Harper Company issued $500,000 of 5 year bonds. The stated rate was 12% and the bond pays semi-annual interest. The market rate at the date of issue was 10%. Determine the selling price of the bonds. How much is the premium or discount? Show all of your work. check answer: Premium of $38,607 Lexi Company issued $500,000 of 10 year bonds. The stated rate was 8% and the bond pays semi-annual interest. The market rate at the date of issue was 12%. Determine the selling price of the bonds. How much is the premium or discount? Show all of your work. Check answer: discount of $114,702