Question: Par Value: Jan 1 $ 5 0 0 , 0 0 0 Bond term, in years 8 Interest Payments June 3 0 & Dec 3

Par Value: Jan 1 $500,000
Bond term, in years 8
Interest Payments June 30 & Dec 31
Stated Interest Rate 12%
Market Interest Rate 8% How much is Interest Expense on the FIRST payment? How much is Interest Expense on the SECOND interest payment? How much is the Amortization of the Premium on the SECOND interest payment?

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