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What the discount or premium at the date of bond issuance

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Reference no: EM133111557

Question - A $900,000, ten-year, 4% bond issue was sold to yield 5% interest payable annually. Actuarial information for 10 periods is as follows:

 

4%

5%

Present value of 1

0.67556

0.61391

Present value of an annuity of 1

8.11090

7.72174

Required - What the discount or premium at the date of bond issuance?

A. $17,206 discount

B. $19,114 premium

C. $44,923 premium

D. $43,015 discount

Reference no: EM133111557

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