Question: On January 1 , 2 0 2 5 , Concord Industries Inc. issued a $ 8 9 , 0 0 0 , 7 % bond

On January 1,2025, Concord Industries Inc. issued a $89,000,7% bond due in 10 years with interest payable
each January 1 and July 1. The effective interest rate is 9%.
Click here to view factor tables.
(a)
Determine the discount or premium on the bond. (For calculation purposes, use 5 decimal places as
displayed in the factor table provided, e.g.1.25124 and final answer to 0 decimal places, e.g.5,275.)
On January 1,2025, Concord Industries Inc. issued a $89,000,7% bond due

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