7Question 2 (5 marks) Perth Ltd issued $1million in five-year bonds on 1 July 2021 (in a private placement). The bonds pay interest every six months at a rate of 6 percent per annum (3 percent every six months). At the time of issue, the market required a rate of return of 4 percent per annum. The bonds are accounted for using the effective-interest method. 7Question 2 (5 marks) Perth Ltd issued $1million in five-year bonds on 1 July 2021 (in a private placement). The bonds pay interest every six months at a rate of 6 percent per annum (3 percent every six months). At the time of issue, the market required a rate of return of 4 percent per annum. The bonds are accounted for using the effective-interest method