A $300,000 ten year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial information for 10 periods is as follows:

present value of $1 @ 8% = 0.46319 @9 = 0.42241

present value of an annuity of $1 @ 8% = 6.71008 @ 9% = 6.41766

At date of issuance, cash received would be

A $300,000 ten year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial information for 10 periods is as follows:

present value of $1 @ 8% = 0.46319 @9 = 0.42241

present value of an annuity of $1 @ 8% = 6.71008 @ 9% = 6.41766

At date of issuance, cash received would be

$287,765

$292,998

$280,747

$299,998