Question
Carlos bought a $1000 bond paying interest at j2=6.4%, redeemable at par on September 11, 2037. The bond was bought by Carlos on November 22,
Carlos bought a $1000 bond paying interest at j2=6.4%, redeemable at par on September 11, 2037. The bond was bought by Carlos on November 22, 2016, at a quoted price of 187. What did Carlos pay for the bond?
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Managerial Accounting
Authors: Kurt Heisinger, Joe Ben Hoyle
1st Edition
1453345299, 9781453345290
