The document discusses bonds issued at a premium by Evermaster Corporation. Specifically: - Evermaster issued $100,000 of 8% term bonds due on January 1, 2025, with semiannual interest payments. Investors required an effective interest rate of 6%. - The present value of the principal is $74,409 and present value of interest payments is $34,121, for total proceeds of $108,530 from the bond sale. This results in an $8,530 premium over the principal amount. - A schedule is provided showing the semiannual amortization of the $8,530 bond premium over the life of the bonds using the effective interest method.