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Lakeram Spirits (LS) is considering issuing bonds on November 15, 2021 to finance the expansion of a rum distillery. The bonds have a stated tute

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Lakeram Spirits (LS) is considering issuing bonds on November 15, 2021 to finance the expansion of a rum distillery. The bonds have a stated tute of 10% and market rate of 12%. The face value of the bonds is $500,000 and pays interest once per year (beginning 1 year from date of issuance) The bonds matue on November 15, 2025. Will these bonds be issued at a discount or a premium and what will be the amount of the discount of premium The format of your wwer should be the number followed by either discount or premium as the "unit". So, if your awwer is a 1 million dollar premium then you should type your answers 1,000,000 premium. Round all calcuations to the nearest dollar and don't use the sign or decimals Present Value of 1 (Present Value of a Single Sum) 996 109 119 1293 3 0.77218 0.75131 0.73119 0.71178 4 0.70843 0.68301 0.65873 0.63552 5 0.64993 0.62092 0.59345 0.56743 Present Value of an Orderary Amity 996 104 119 3 2.53129 248685 2.44371 4 3.23972 3.10987 3.10245 5 3.88964 3.79079 3.6959 12% 2.40183 3.03735 3.60478 Present Value of an Amy Due ni 996 10% 11% 124 3 3.75911 2.73554 2.71252 2.69005 4 3.53129 3.48685 3.44371 3.40183 5423972 410987 4.10245 403735

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