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A company issued a 15- year bonds with par value of P1,000 each bond. The coupon rate is 14%. The investor's required rate of return
A company issued a 15- year bonds with par value of P1,000 each bond. The coupon rate is 14%. The investor's required rate of return is 10%.
Required: Compute for the interest that the company pays annualy on each bond?
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
