On May 1, 2024, crane corp. issued 955,000 of 5-year, 7% bondsat $916,270. This price resulted in an effective interest rate of8% on the bonds. The bonds pay interest semi-annually on May 1.Crane's Crane CORP. Bond Discount Amortization Table Effective Interest Method-Semi-Annual Interest Payments \( 7 \% \) Bonds Issued at market rate of \( 8 \% \) \[ \begin{array}{l} \text { Date } \\ \text { 2 answers