Intro. to Financial Final Review BONDS On January 1, 2004, West End Corporation issued $500,000, 5%, 5-year bonds dated January 1, 2004, at 96. The bonds pay semiannual interest on January 1 st and July 1s*, The company uses the straight-line method of amortization and has a calendar year end. January 1, 2004~Bond Issue/Sale: July 1, 2003 ~ Semiannual Interest Payment& Amortization: On January 1, 2004, West End Corporation issued $500,000, 596, 5-year bonds dated January 1, 2004, at 106. The bonds pay semiannual interest on January 1st and July 1s. The company uses the straight-line method of amortization and has a calendar year end. January 1, 2004Bond Issue/Sale: July 1, 2003 Semiannual Interest Payment&Amortization: Contractual Rate vs. Market Rate.... If CR is > MR, bond price is at... If CR is