Question 1 payable on Jan 1, 2017, Marex Inc. issued $10,000,000 face value, 8 year bonds with 4% coupon rate semi-annually at June 30 and December 31. a yield of 5%. However, market interest rates have increased since art or all . The bonds were issued with issuance of the bonds and the effective yield on Dec 31, 2 018 is 796. Marex Inc. can exercise a call option and pay face value plus 5%. Call premium and retire p the outstanding bond. On Jan 1, 2019, Marex decides to purchase $4,000,000 face amount of the bonds. Required: a) Record all journal entries relating to the bond for 2017