James River Enterprises issued a bond on January 1, 2016, with a face (maturity) value of $1,000 and a coupon rate of 8% per year. The bond paid interest semiannually, and matured in three years. Prepare an amortization table in the format shown below, under each of the following circumstances:

The market rate on the date of issue was 8%.

The market rate on the date of issue was 10%.

The market rate on the date of issue was 6%.

(a).

Period ending on:	Cash interest payment	Interest expense	Discount/ (premium) amortized	Unamortized discount (premium)	End Net BV of Bonds
January 1, 2016
Jun 30 2016
Dec 31 2016
Jun 30 2017
Dec 31 2017
June 30 2018
Dec 31 2018

(b).

Period ending on:	Cash interest payment	Interest expense	Discount/ (premium) amortized	Unamortized discount (premium)	End Net BV of Bonds
January 1, 2016
Jun 30 2016
Dec 31 2016
Jun 30 2017
Dec 31 2017
June 30 2018
Dec 31 2018

(c).

Period ending on:	Cash interest payment	Interest expense	Discount/ (premium) amortized	Unamortized discount (premium)	End Net BV of Bonds
January 1, 2016
Jun 30 2016
Dec 31 2016
Jun 30 2017
Dec 31 2017
June 30 2018
Dec 31 2018