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Exhibit 14-2 A $500,000, ten-year, 7% bond issue was sold to yield 6% interest payable annually. Actuarial information for 10 periods is as follows:
Exhibit 14-2 A $500,000, ten-year, 7% bond issue was sold to yield 6% interest payable annually. Actuarial information for 10 periods is as follows: Present value of 1 Present value of an annuity of 1 6% 0.50835 7.02359 7% 0.55839 7.36009 Refer to Exhibit 14-2. The discount or premium at the date of bond issuance would be $36,798 premium $10.097 discount. $35,117 discount $11.778 premium
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