Question
At the beginning of 2009, Little Company bought a bond with a $18 million face value and an annual coupon rate of 7.4%. It has
At the beginning of 2009, Little Company bought a bond with a $18 million face value and an annual coupon rate of 7.4%. It has a maturity of 12 years. How much total interest income has Little Company received through the end of 2014 (cumulatively) if interest is paid semiannually?
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
