X2 issued callable bonds on January 1, 2012. The bonds pay interest annually on

Question

X2 issued callable bonds on January 1, 2012. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity:

X2 issued the bonds:

a. Cannot be determined from the given information.

b. At a premium.

c. At par.

d. At a discount.

X2 issued callable bonds on January 1, 2012. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity:

Explanation / Answer

b. At a premium.

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