Find the nic for the bond issue

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Reference no: EM131958144

In Jan 1, 2009, Central City issued a 5 year serial bond. A total of $8,000 face values of bonds were issued with coupon and maturity rate as follows:

Dec. 31, 2010

2.5%

1000

Dec. 31, 2011

3%

2000

Dec. 31, 2012

4%

2500

Dec. 31, 2013

5%

2500

Central City received 8,500 from the bond issue.

Find the NIC for the bond issue?

Find the TIC for the bond issue?

Reference no: EM131958144

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