On January 1, 2021, Waterfall Lodge & Amusement Park issued $6,000,000 of 6% bonds, due in 10 years. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31 each year.

Bond Premium Problem: Assume that the market interest rate is 5.5% instead of 7%. Assume all other given amounts are the same as stated in the bond discount problem.

	Face amount			Class hour:	online
	Stated interest rate per period
	Interest payment in Cash every 6 months
	Market interest rate per period
	Number of periods
	Issue price			Blue cells can be typed in, yellow cells must be formulas or functions.
	Date	Cash Paid for Interest	Interest Expense	Decrease in Carrying Value	Carrying Value (End of Period)
	1/1/21	-------	-------	-------
	6/30/21