Question: Allegiant issues 1 0 % , 2 0 - year bonds with a par value of $ 2 , 0 0 0 , 0 0

Allegiant issues 10%,20-year bonds with a par value of $2,000,000 and semiannual interest payments. In each separate situation, determine whether the bond is issued at par value, at a discount, or at a premium.

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