Question: On January 1, 2017, Lead Inc. issues five-year, $10,000,000, 9 percent Bonds at 98. Interest is paid semiannually on June 30, and December 31.

On January 1, 2017, Lead Inc. issues five-year, $10,000,000, 9 percent Bonds at 98. Interest is paid

On January 1, 2017, Lead Inc. issues five-year, $10,000,000, 9 percent Bonds at 98. Interest is paid semiannually on June 30, and December 31. Required: (1) Were the bonds issued at a discount or premium? What is the amount of discount (premium)?

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