Question: ahoe Tent Ltd . issued bonds with a par value of $ 8 0 3 , 0 0 0 on January 1 , 2 0

ahoe Tent Ltd. issued bonds with a par value of $803,000 on January 1,2023. The annual contract rate on the bonds was 13.50%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 11.50%, and the bonds were sold for $842,798.
a. What is the amount of the original premium on these bonds? (Use financial calculator for calculating PV's. Round the final answer toI want to ask an expert

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