Question
A company issued $5,000,000 of 4%, 10-year bonds. The market interest rate was 4.25%. How much cash will the company receive from the bond issue?
A company issued $5,000,000 of 4%, 10-year bonds. The market interest rate was 4.25%. How much cash will the company receive from the bond issue?
| $5,000,000 | ||
| More than $5,000,000 | ||
| Less than $5,000,000 | ||
| $5,425,000 |
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
6th Edition
0314280456, 978-0314280459
