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On January 1, 2020, Crane Company issued eight-year bonds with a face value of $6150000 and a stated interest rate of 8%. payable semiannually on

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On January 1, 2020, Crane Company issued eight-year bonds with a face value of $6150000 and a stated interest rate of 8%. payable semiannually on June 30 and December 31 . The bonds were sold to yield 10%. Table values are: The issue price of the bonds is $5496870 $5482848. $6148524. $5532048

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