Question: A $ 3 0 0 , 0 0 0 , 1 0 - year, 8 % bond issue was sold to yield 9 % interest
A $year, bond issue was sold to yield interest payable annually. Actuarial information for periods is as follows:
Present value of Present value of an annuity of
These bonds sold at
a a discount.
b par.
c a premium.
d margin.
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