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How much should the bonds discount be reduced for six month

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Problem 1: On Jun 30, 2014, Mabry Corporation issued $5 million of its 8% bonds for $4.6 million. The bonds were priced to yield 10%. The bonds are dated Jun 30, 2013. Interest is payable semiannually on December 31 and July 1. How much should the bonds discount be reduced for the 6 months ended December 31, 2014

a. $16,000

b. $20,000

c. $23,000

d. $30,000

Reference no: EM132776716

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