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What is the discount at the date of bond issuance

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Question - A $300,000, ten-year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial information for 10 periods is as follows:

8% 9%

Present Value of 1 0.46319 0.42241

Present value of an annuity of 1 6.71008 6.41766

What is the discount at the date of bond issuance?

Reference no: EM132272092

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