Question: Feed Plastics Co . ( FPC ) issued callable bonds on January 1 , 2 0 1 9 . FPC ' s accountant has projected

Feed Plastics Co.(FPC) issued callable bonds on January 1,2019. FPC's accountant has projected the following amortization schedule from issuance until maturity:
DateCashEffectiveDecrease inOutstandingInterestinterestBalanceBalance1/1/2019$207,0206/30/2019$7,000$6,211$789206,23012/31/20197,0006,187813205,4176/30/20207,0006,163837204,58012/31/20207,0006,137863203,7176/30/20217,0006,112888202,82912/31/20217,0006,085915201,9136/30/20227,0006,057943200,97112/31/20227,0006,029971200,000
FPC issued the bonds
Question 7 options:
A)
Can't be determined from the information given
B)
at a premium.
C)
at par.
D)
at a discount.

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