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On January 1, 2021, Ivanhoe Satellites issued $1,120,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Ivanhoe has a

On January 1, 2021, Ivanhoe Satellites issued $1,120,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Ivanhoe has a December 31 year end. A partial bond amortization schedule is presented below:

Semi-Annual Interest Period Interest Payment Interest Expense Amortization Bond Amortized Cost
Jan. 1, 2021 $1,040,411
July 1, 2021 $ [1] $ [2] $2,814 1,043,225
Jan. 1, 2022 33,600 36,513 2,913 1,046,138
July 1, 2022 33,600 36,615 [3] 1,049,153
Jan. 1, 2023 33,600 36,720 [4] [5]
July 1, 2023 33,600 36,830 3,230 1,055,503
Jan. 1, 2024 33,600 36,943 3,343 1,058,846

-Were the bonds issued at a premium or a discount?

What is the face value of the bonds?

What is the contractual rate of interest?

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