Determining the amount of bond premiums and discounts. Required For each of the following situations, calculate the amount of bond discount or premium, if any. a. Gray Co. issued $80,000 of 6 percent bonds at 101 1/4 $800 Premium b. Bush, Inc., issued $200,000 of 10-year, 6 percent bonds at 97 1/2. Discount c. Oak, Inc., issued $100,000 of 20-year, 6 percent bonds at 103. Premium d. Willow Co. issued $180,000 of 15-year, 7 percent bonds at 99. Discount
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