question archive A $700,000, ten-year, 9% bond issue was sold to yield 10% interest payable annually
A $700,000, ten-year, 9% bond issue was sold to yield 10% interest payable annually
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A $700,000, ten-year, 9% bond issue was sold to yield 10% interest payable annually. Actuarial information for 10 periods is as follows:
|
? |
9% |
10% |
|
Present value of 1 |
0.42241 |
0.38554 |
|
Present value of an annuity of 1 |
6.41766 |
6.14456 |
???Refer to Exhibit 14-4. The discount or premium at the date of bond issuance would be
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