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The first few rows of the amortization table for these $1,200,000; 20 year bonds is shown above. Select the appropriate answer to the following questions.

The first few rows of the amortization table for these $1,200,000; 20 year bonds is shown above.

Select the appropriate answer to the following questions. Options can be used more than once or not at all.

Question 9 options:

Issue Price of Bonds

Effective annual market interest rate %

Stated annual coupon interest rate %

Were bonds issued at a premium, discount or face?

1.

$1,338,689.00

2.

$1,200,000.00

3.

Premium

4.

Discount

5.

Face

6.

7%

7.

6%

8.

3%

9.

3.5%

10.

9%

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