Question: Question 25 (3 points) Use the following information for items 24, 25 and 26. ASU Company issues $10,000,000, 7.8%, 20-year bonds to yield 8%

Question 25 (3 points) Use the following information for items 24, 25

Question 25 (3 points) Use the following information for items 24, 25 and 26. ASU Company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. The proceeds from the bonds are $9,802,072. Interest is paid on July 1 and January 1. Where these bonds issued at a premium or discount and the dollar amount? Premium--$10,000,000. O Premium--$10.197,928. O Discount--$10,000,000. Discount--$9,802,072.

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