Question: please help... not sure if i did it right 2. Grider Industries, Inc. issued $7,000,000 of 9% debentures on May 1, 2012. The bonds pay

please help... not sure if i did it right

2. Grider Industries, Inc. issued $7,000,000 of 9% debentures on May 1, 2012. The bonds pay interest semiannually on May 1 and November 1 . The maturity date on these bonds is November 1,2019 . The firm uses the effective-interest method of amortizing discounts and premiums. Bonds of this type have a market rate of 12%. The company has a December 31 year-end

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