1. For which of the following transactions would the use of the present value of an annuity due concept be appropriate in calculating the present value of the asset obtained or liability owed at the date of incurrence? a. A tenyear 8% bond is issued on January 2 with interest payable semiannually on July 1 and January 1 yielding 7% b. A tenyear 8% bond is issued on January 2 with interest payable semiannually on July 1 and January 1 yielding 9% c. A lease is entered into with the initial lease payment due one month subsequent to the signing of the lease agreement. d. A lease is entered into with the initial lease payment due upon the signing of the lease agreement. e. none of the above