On January 1, 2018, when the market rate of interest was 7%, Habs Company issued four-year bonds with a maturity value of $1,000,000. The bonds have a stated interest rate of 6% and pay interest annually on December 31.

Calculate the amount of the bond discount as of the date of issue, rounded to the nearest dollar.

Group of answer choices

60,000

34,651

33,872

0

Calculate the amount of the bond discount as of January 1, 2019, immediately after the first coupon is paid, rounded to the nearest dollar.

Group of answer choices

26,730

18,334

0

26,243