When the present value of a bond issue is calculated,both the present value of a single sum table and the present value of an annuity table must be used.

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This is true, as the present value of a bond issue includes both a single sum payment (the face value of the bond at maturity) and a series of annuity payments (interest payments). The present value of each component must be calculated separately using the respective tables.

When the Present Value of a Bond Issue Is Calculated,both