On September 30, 2010, Squid Roe, Inc. issued $100,000 of 25-year, 8% bonds at 90. The bonds pay interest semiannually on September 30 and March 31. Were the bonds issued at a premium, or at a discount.
On March 31, 2010, B. Row, Inc. issued $500,000 of 10-year, 9% bonds at 90. The bonds pay interest annually on March 31. How much cash did B. Row, Inc. receive when the bonds were issued?