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?