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06:53 1 ull ACCT& 202 Assignment Oct 25 XLSX - 29 KB Bond Discount Bond...

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Accounting

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06:53 1 ull ACCT& 202 Assignment Oct 25 XLSX - 29 KB Bond Discount Bond Premium Given Data Given Data: Indiana Fire District On Jan. 1, 2018, Indiana Fire District issued bonds. Interest is payable semiannually on June 30 and Dec. 31 of each year Bond Discount Problem Face amount Contract interest rate Market interest rate Length of bonds, in years 10,000,000 6.0% 7.0% Bond Premium Problem Face amount Contract interest rate Market interest rate Length of bonds, in years 10,000,000 6.0% 5.0%

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