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UDIissue price and premium amortization. (8 points) on January 1, 2015, Piper Co. issued ten-year bonds with a face value of $2,000.000 and a stated

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UDIissue price and premium amortization. (8 points) on January 1, 2015, Piper Co. issued ten-year bonds with a face value of $2,000.000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31, The bonds w to yield 12%, Table values are: ere sold Present value of 1 for 10 periods at 10% Present value of 1 for 10 periods at 12% .. Present value of 1 for 20 periods at 5% Present value of 1 for 20 periods at 6% ,-.............................. Present value of annuity for 10 periods at 10% Present value of annuity for 10 periods at 12%...2.462 Present value of annuity for 20 periods at 5% Present value of annuity for 20 periods at 6% 386 322 377 312 6.145 5.650 ...11.470 Instructions (a) Calculate the issue price of the bonds ithout prejudice to your solution in part (a), assume that the issue price was $1,766,500. Prep are the amortization table for 2015, assuming that amortization is recorded on interest payment dates using the effective-interest method. (Round amounts if necessary)

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