Question
A 15-year bond has a face (par) value of $998,520. The bond coupon rate is 8.3%; there are 9 premium payments per year. What is
A 15-year bond has a face (par) value of $998,520. The bond coupon rate is 8.3%; there are 9 premium payments per year. What is the premium amount?
do not round
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
