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On October $1,2023,$ Dejour Energy Inc. issued a $$699,000,11\mathrm{.}0\%,$ seven$-$year bond. Interest is to be paid annually each October $1.$ Dejour Energy Inc. has a November $30$ year$-$end. $($Use TABLE $14$A$\mathrm{.}1$ and TABLE $14$A$\mathrm{.}2.).$ Note: Use table values for PV calculations. $($Use

appropriate factor$($s$)$ from the tables provided.$)$

Required:

a$.$ Calculate the issue price of the bond assuming a market interest rate of $12\mathrm{.}0\%$ on the date of the bond issue. $($Do not round Intermediate calculations. Round the final answers to the nearest whole dollar.$)$

Answer is complete and correct.

Issue price of the bond S $667,758$

b$.$ Using the effective interest method, prepare an amortization schedule. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.$)$

Answer is complete but not entirely correct.

Period

Cash

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