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 wo...

Bond issue price is as calculated below Particulars Amount Present Valu ...

A $700,000, ten-year, 9% bond issue was sold to yield 10% interest payable annually. Actuarial information for

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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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Financial Management Principles and Applications

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Authors: Sheridan Titman, Arthur Keown, John Martin

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Posted Date: May 06, 2019 11:19 PM

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