On May 1, 2016, Ezzy Corporation issued a 4-year bond worth $445,000 with an interest rate of 8% per annum. Interest is to be paid semi-annually on October 31 and April 30. At the time of the issuance, the market interest rate was 6%. Ezzy Corporation amortizes any premium or discount using the effective interest method.On May 1, 2016, Ezzy Corporation issued a 4-year bond worth $445,000 with an interest rate of 8% per annum. Interest is to be paid semi-annually on October 31 and April 30. At the time of the issuance, the market interest rate was 6%. Ezzy Corporation amortizes any premium or discount using the effective interest method.