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Charles City Hospital plans on issuing a tax-exempt bond of $1,000. If market rates are 6 percent, what is the value of the bond? If
Charles City Hospital plans on issuing a tax-exempt bond of $1,000.
If market rates are 6 percent, what is the value of the bond?
If required market rates fall to 12 percent, what is the value of the bond?
At what required market rate (3,6, or 12 percent) does the bond sell at a discount? At a premium?
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