Pricing of Bonds and Amortization of Premium Question: XYZ Co. issued a 5 year $100,000 Bond with coupon rate of 10% on January 1, 2010. Interest is paid Quarterly on March 31, June 30, Sept. 30 and December 31, The market interest rate is 8%. Calculate the issue price, make journal entry and prepare amortization schedule, entry to record interest expense for years 2010, 2011 and 2012