Question
A company issues $872621 worth of 11-year bonds with semi-annual coupons at j2=7.26% p.a. The bonds are priced to yield j2=4.46% p.a. Determine the issue
A company issues $872621 worth of 11-year bonds with semi-annual coupons at j2=7.26% p.a. The bonds are priced to yield j2=4.46% p.a. Determine the issue price per $100 unit.
a.
$537.16
b.
$124.13
c.
$79.03
d.
$62.58
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas
5th Edition
1119553849, 9781119553847
