Business, 18.11.2020 17:30, aahneise02
A company issues 9% bonds with a par value of $50,000 at par on January 1. The market rate on the date of issuance was 8%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:
a. $2,250.
b. $54,500.
c. $52,000.
d. $0.
e. $4,000.
Answers: 3
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A company issues 9% bonds with a par value of $50,000 at par on January 1. The market rate on the da...
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