A $700,000, ten year, 9% bond issue was sold to yield 10% interest annually. Actuarial information for 101 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 The discount or premium at the date of bond issue would be: $19,114 premium $44,923 premium $43,015 discount $17,206 discount