Question
A company issues 10 bond certificates with a face value of $1000 each that mature in 10 years. Interest on the bonds is 6.5% payable
A company issues 10 bond certificates with a face value of $1000 each that mature in 10 years. Interest on the bonds is 6.5% payable annually. What is the issue price of the bonds if the bonds are sold to yield 5.5% compounded quarterly?
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Handbook Of Energy Audits
Authors: Albert Thumann, Terry Niehus, William J. Younger
9th Edition
1466561629, 978-1466561625
