A $900,000, ten-year, 4% bond issue was sold to yield 5% Interest payable annually. Actuarial information...

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A $900,000, ten-year, 4% bond issue was sold to yield 5% Interest payable annually. Actuarial information for 10 periods is as follows: Present value of 1 Present value of an annuity of 1 4% 0.67556 8.11090 5% 0.61391 7.72174 Refer to Exhibit 14-4. The discount or premium at the date of bond issuance would be $19,114 premium $43,015 discount $44,923 premium $17,206 discount A $900,000, ten-year, 4% bond issue was sold to yield 5% Interest payable annually. Actuarial information for 10 periods is as follows: Present value of 1 Present value of an annuity of 1 4% 0.67556 8.11090 5% 0.61391 7.72174 Refer to Exhibit 14-4. The discount or premium at the date of bond issuance would be $19,114 premium $43,015 discount $44,923 premium $17,206 discount