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: 9% 10% Present
A $700,000, 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 14-3. At date of issuance cash received would be
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Health And Safety Environment And Quality Audits A Risk Based Approach
Authors: Stephen Asbury
4th Edition
1032427574, 978-1032427577
