Petrillo Corporation issued a ten-year bond with a face value of $1,000, annual coupon (stated) rate of 9%, and market rate of 7%. The interest payments are made on December 31 each year. What is the total premium or discount on the bond? a. $140.47 discount b. $128.35 premium c. $140.47 premium d. $128.35 discount Amaya Company issued 1,500 five-year, semi-annual bonds with $1,000 face value and 6% coupon rate on June 30, 2018. At the date of their issue, the market rate was 4%. What is the present value of the interest payments related to the bond issuance? a. 404,216 b. 212,106 c. 400,664 d. 255,906 On March 1, 2020, Derek, Inc. purchased 400 shares of its own $21 par value common stock for $24,000. On June 30, 2020, Derek sold 300 of these treasury shares for $21,600 cash. The journal entry to record the sale includes a a. $18,000 credit to Paid-in Capital from Treasury Stock b. $24,000 credit to Treasury Stock c. $3,600 credit to Paid-in Capital from Treasury Stock d. $3,600 credit to Gain on Sale of Treasury Stock