Question
1. Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 4% coupon rate and interest is
1. Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 4% coupon rate and interest is paid semiannually. The bonds were sold to yield 6%.
What proceeds does Leahy receive from the investors?
a. $300,000
b. $274,409
c. $326,948
d. $223,227
e. None of the above
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Internal Audit And Risk Management In Companies Assessing The Contribution Of Internal Audit To An Entitys Risk Management
Authors: Akaffou Arnaud Lucien Goley
1st Edition
6204604805, 978-6204604800
