A $700,000, ten year, 9% bond issue was sold to yield 10% interest payable annually. Actuarial information for 10 periods is as follows:

present value of $1 @9% = 0.42241 @10% = 0.38554

Present value of an annuity of $1 @ 9% = 6.41766 @10% = 6.14456

On the date of issuance, cash received would be

:

A $700,000, ten year, 9% bond issue was sold to yield 10% interest payable annually. Actuarial information for 10 periods is as follows:

present value of $1 @9% = 0.42241 @10% = 0.38554

Present value of an annuity of $1 @ 9% = 6.41766 @10% = 6.14456

On the date of issuance, cash received would be

:

$682,794

$719,114

$744,923

$656,985