Question
Jessica Corporation issued $4,000,000, 5-year, 8 % bonds on January 1, 2012. The bonds were issued @ 87.53785 to yield an effective market rate of
Jessica Corporation issued $4,000,000, 5-year, 8 % bonds on January 1, 2012. The bonds were issued @ 87.53785 to yield an effective market rate of 10 %. Interest is payable semi-annually on July 1 and January 1. Financial statements are prepared on December 31st.
If the bonds had been sold at 103, how much interest would be paid every six months?
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Nmap 6 Network Exploration And Security Auditing Cookbook
Authors: Calderon Pale Paulino
1st Edition
1849517487, 978-1849517485
