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

The discount on the date of bond issuance 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

The discount on the date of bond issuance would be:

$12,235

$7,019

$19,253

$12,845