A $600,000, ten-year, 9% bond issue was sold to yield 10% interest payable annually. Actuarial information for 10 periods is as follows: 9% 10% Present value of 1 0.42241 0.38554 Present value of an annuity of 1 6.41766 6.14456 Refer to Exhibit 14-4. The discount or premium at the date of bond issuance would be a. $44,923 premium. b. $17,206 discount. c. $43,015 discount. d. $36,870 discount