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A $350,000, ten-year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial information for 10 periods is as follows: 8% 9% Present
A $350,000, ten-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 1 0.46319 0.42241 Present value of an annuity of 1 6.71008 6.41766 Refer to Exhibit 14-1. At date of issuance cash received would be a. $327,538. b. $320,615. c. $299,998. d. $287,765.
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