Question: There is a bond sell for $542.042. the yield to maturity 15%on a 14-year to maturity, 7% annual coupon payments, $1,000 Face value. The Reported

There is a bond sell for $542.042. the yield to maturity 15%on a 14-year to maturity, 7% annual coupon payments, $1,000 Face value. The Reported $-amount of Amortization for the above bond for the first year should be

A($) Debit of 81.306

B Credit of 11.306

C Debit of 11.306

D Credit of 81.306

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