Question
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
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
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