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 $719,114 $682,794 $744,923 $656,985