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Kurt Corp. issued $900,000, 8-year, 5% bonds on April 1, 2020. The bonds were dated January 1, 2020 and pay interest semiannually on June 30

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Kurt Corp. issued $900,000, 8-year, 5% bonds on April 1, 2020. The bonds were dated January 1, 2020 and pay interest semiannually on June 30 and December 31 each year. The investor purchased the bonds $975,000, including accrued interest. What amount of premium should be attributed the bond on April 1, 2020? Premium of $11,250 Premium of $70,000 Premium of $63,750 Premium of $75,000

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