Problem #2 Use the following information to answer the next…

Problem #2 Use the following information to answer the next 11 questions. Bruins, Inc. issued $1,000,000 of 12%, 10-year bonds on December 1, 2020, at 97. The corporation pays interest semiannually on June 1 and December 1. Assume that these bonds have the same risk level as bonds issued by other companies on the same date.