Help with accounting question?

• premium rate income
• financial trading
• college grade calculator
• painful periods

On January, 1, 2010, Medum Corporation issued a 4-year bond worth $399,000 with an interest rate of 10% per annum. Interest is to be paid semi-annually on June 30 and December 31. At the time of the issuance, the market interest rate was 4%. Ezzy Company amortizes any premium or discount using the straight-line method.

Calculate the bond issue price and the resulting premium or discount.


(If this is to be done on a financial calculator what goes where)

Help with accounting question?