On July 1 , 2019 , Noble , Inc. issued 9 % bonds in the face amount of $ 10,000,000 , which mature on July 1 , 2025. The bonds were issued for $ 9,560,000 to yield 10 % , resulting in a bond discount of $ 440,000 . Noble uses the effective - interest method of amortizing bond discount . Interest is payable annually on June 30. At June 30 2021 , Noble's unamortized bond discount should be

a . $ 322,400 . b . $ 340,000 . c . $ 352,000 . d . $ 310,000 .

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