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Paul Dirac & Associates begin operations on 1/1/X1 by issuing a 3.00 year term (Bullet) bond with a par value of $3,300,000. The bond pays

Paul Dirac & Associates begin operations on 1/1/X1 by issuing a 3.00 year term (Bullet) bond with a par value of $3,300,000. The bond pays interest semi- annually. On the date of issuance, the annual coupon rate of the bond is 8.500% while the annual required rate of return in the debt capital markets (the discount rate) is 9.750%. Dirac assumes that he will earn $1,200,000 in cash revenues and incur cash operating expenses of 40.000% of revenues each 6 month period for the next 3.00 fiscal years. The corporate tax rate is assumed to be 21.00%. Questions 1) Create an amortization table for the Bond. 2) What is the Price of the bond? What is the Value of any discount or premium

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