Question: A $ 3 0 0 , 0 0 0 , 1 0 - year, 8 % bond issue was sold to yield 9 % interest

A $300,000,10-year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial information for 10 periods is as follows:
8%9%Present value of 10.463190.42241Present value of an annuity of 16.710086.41766
These bonds sold at
a. a discount.
b. par.
c. a premium.
d. margin.

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