Stanford issues bonds dated January $1,2019,$ with a par value of $$255,000.$ The bonds' annual contract rate is $9\%,$ and interest is paid

semiannually on June $30$ and December $31.$ The bonds mature in three years. The annual market rate at the date of issuance is $12\%,$

and the bonds are sold for $$236,20.$

What is the amount of the discount on these bonds at issuance?

$2$ How much total bond interest expense will be recognized over the life of these bonds?

Prepare an effective interest amortization table for these bonds.

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What is the amount of the discount on these bonds at issuance?

Discosunt