Question
ABC Company issues a bond with a stated interest rate of 10%, face value of $50,000, and due in five years. Interest payments off the
ABC Company issues a bond with a stated interest rate of 10%, face value of $50,000, and due in five years. Interest payments off the bond are made semi annually. The market rate of the bond is 12%. What is the issue price of the bond?
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Financial Statement Fraud Prevention And Detection
Authors: Zabihollah Rezaee, Richard Riley
2nd Edition
0470543205, 9780470543207
