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Tano issues bonds with a par value of $180,000 on January 1, 2017. The bonds' annual contract rate is 8%, and interest is paid semiannually
Tano issues bonds with a par value of $180,000 on January 1, 2017. The bonds' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 3 1 . The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $170,862. 1. What is the amount of the discount on these bonds at issuance? 2 How much toal bond iniled ove the If of ice bondst 3. Use the straight-line method to amortize the discount for these bonds
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