Answer:
a.$1,015,000
Explanation:
we will multiply the face value of 1,000,000 by the 101 and a half point they where issued we get the cash proceeds at issuance
face value x points / 100 = proceeds from the bonds
[tex]1,000,000 \times \frac{101.5}{100} = 1,015,000[/tex]
As these were above the face value the difference will be considered a premium
