Question
Company X is issuing bonds.They plan to issue 10,000,$1000 par, 7% bonds that pay semi-annual for 5 years. If the price per bond is $980,
Company X is issuing bonds.They plan to issue 10,000,$1000 par, 7% bonds that pay semi-annual for 5 years.
If the price per bond is $980, what is the market annual rate-of-return?(percentage, 2 decimals, e.g. xx.xx)
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Financial Accounting
Authors: W Steve Albrecht, Earl K Stice
11th Edition
0538746955, 9780538746953
