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Question 1- On December 31, 2016, Grumpy Corporation issued $950,000, 8%, 15-year bonds for $803,964 cash when the market rate of interest was 10%. The bonds pay interest semi-annually each June 30 and December 31. What is the dollar amount of SEMI-ANNUAL stated interest?

Question 2- On December 31, 2016, Grumpy Corporation issued $950,000, 8%, 15-year bonds for $803,964 cash when the market rate of interest was 10%. The bonds pay interest semi-annually each June 30 and December 31. The given price of the bonds is $803,964. Was the bond issued at a premium r a discount? Type in 1 for premium and 2 for discount.

Question 3- On December 31, 2016, Grumpy Corporation issued $950,000, 8%, 15-year bonds for $803,964 cash when the market rate of interest was 10%. The bonds pay interest semi-annually each June 30 and December 31. What is the dollar amount of the premium or discount?

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