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On July 1, 2023, RMM Limited issued bonds with a face value of $910,000 due in 20 years, paying interest at a face rate of

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On July 1, 2023, RMM Limited issued bonds with a face value of $910,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 11%. The company's year-end was September 30 . The company used the effective interest method of amortization. Using 1. factor Tables 2. a financial calculator, or 3 . Excel function PV, calculate the premium or discount on the bonds. factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e. g. 5.275.) on bond

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