Question
A bond with a par value of $30,000 is priced at $108.40 of par and has 10 years remaining until it matures. The bond has
A bond with a par value of $30,000 is priced at $108.40 of par and has 10 years remaining until it matures. The bond has an 8% coupon rate, paid semi-annually. What is the amount of the next interest payment?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
