 ... follows: If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the...  Journal of the Senate - Página 929por Michigan. Legislature. Senate - 1921Vista completa - Acerca de este libro
 | Alberta - 1926
...and so as to yield meantime the effective rate of interest at which the purchase was made ; provided the purchase price shall in no case be taken at a...market value at the time of purchase; and provided the Superintendent shall have full discretion in determining the method of calculating values according... | |
 | Michigan - 1921
...the effective rate of interest at which the purchase was made: Provided, That the pur- Proviao. chase price shall in no case be taken at a higher figure...actual market value at the time of purchase : And pro- Further vided further, That the Commissioner of Insurance shall have prov ' full discretion in... | |
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