On June $30,2016,$ Ayayai Limited issued $12\%$ bonds with a par value of $$756,000$ due in $20$ years. They were issued at $98$ and were callable at $104$ at any date after June $30,2023.$

Because of lower interest rates and a significant change in the company's credit rating, it was decided to call the entire issue on June $30,2023,$ and to issue new bonds. New $10\%$ bonds were sold in

the amount of $$945,000$ at $102$ ; they mature in $20$ years. The company follows IFRS and uses the effective interest method. The interest payment dates are December $31$ and June $30$ of each year.

Your answer is partially correct.

Prepare an effective interest table for the bonds for the inception of the bond to the date of the redemption. $($Round interest rate values to $3$ decimal places, e$.$g$.1\mathrm{.}251\%$ and final answers to $2$

decimal places, e$.$g$.52\mathrm{.}75.)$

I am a bit lost on how to calculate the effective interest an amorization discount.