Question
15) South Park Company issued a 6% bond three years ago at par value. The market interest rate on 15) comparable bonds today is 5%.
15) South Park Company issued a 6% bond three years ago at par value. The market interest rate on 15) comparable bonds today is 5%. The Franklin Company bond currently pays ________ a year in interest and the bond sells at a ________.
A) $50; premium B) $60; premium C) $60; discount D) $50; discount
these are the answer choices
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
