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A firm issues a 4 year semiannual-pay bond with a face value of $10 and a coupon rate of 5%. The market interest rate is
A firm issues a 4 year semiannual-pay bond with a face value of $10 and a coupon rate of 5%. The market interest rate is 3% when the bond is issued. What is the balance sheet liability at the end of the first semiannual period?
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An Introduction To Socio-Finance
Authors: Jørgen Vitting Andersen, Andrzej Nowak
2013th Edition
3642419437, 978-3642419430
