Question 11 2 pts The stated interest rate is 5%, the face value is 1,000,000,...
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Question 11 2 pts The stated interest rate is 5%, the face value is 1,000,000, and the market interest rate at issuance is 6%. The bond was issued on July 1, 2020 with semi-annual coupon payments and the maturity date is June 30th, 2023. The first coupon payment was made on Dec 31st, 2020. The interest expense for the first semi-annual period is $29.187. What amount of discount on bonds is amortized (i.e., how much is the amortization of the bond discount) during the first semi-annual period from July 1, 2020 to December, 31st 2020
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