Instructions: Determine the selling price of the bond by calculating its present value. Determine if the bond is selling for a discount or a premium. Finally, fill out the first THREE rows of the table below, including the first June 30 and December 31 payments of interest (No need to fill out the rest of the Background: On January 1, 2021 Becca's Dog Walking Business decides to issue a three-year $50,000 bond with a stated rate of 8%. The bond interest schedule includes semi-annual payments twice a year on June 30 and December 31 each year. The effective market rate of interest on the date of issuance was 10%. Principal face value of bond Interest cash payments Market rate of interest Number of interest periods Selling price of the bond Is the bond selling for a discount or premium? Date Cash paid Interest expense 1/1/2021 6/30/2021 12/31/2021 You can stop here Increase/Decrease in Carrying value carrying value $