On January 1 of 2020 your firm issued $10,000,000 par value of ten-year 3 percent coupon bond with semi-annual payments. Payments are due December 31 and June 30 of each year. The first payment will be made June 30, 2020. On the date of issuance ten-year interest rates were 3.50%. The amount of the discount or premium at issuance was closest to: $420,000 discount $580,000 premium $420,000 premium 0 $280,000 discount A company issues 1 million of bonds at face value because the coupon rate happened to be the same as the required yield to maturity at issuance. When the bonds are issued (at par under the IFRS), the company will record a: cash inflow from financing activities cash inflow from investing activities cash inflow from operating activities cash inflow from either financing or operating activities (under IFRS but not GAAP) A lessor offers a 36-month lease on a $70,000 automobile. Payments (due at the start of each month) are $2,000 per month and there is a $3,000 final payment due at the end of the lease. The interest rate implicit in this lease is closest to 4.60% 0 4.40% 0 4.80%