Question: 2. Stanford issues bonds dated January 1, 2021, with a par value of $500.000. The bonds' annual contract rate is 9%, and interest is paid

 2. Stanford issues bonds dated January 1, 2021, with a par

2. Stanford issues bonds dated January 1, 2021, with a par value of $500.000. The bonds' annual contract rate is 9%, and interest is paid semiannualy on June 30 and December 31 . The bonds mature in threc years. The annual market rate at the date of issuance is 12% and the bonds are sold for $463.140. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? You only need to do the table through 6/30/21

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