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Lev Corp issued $200 in principal of 4-year bonds with a 3.0% stated interest rate and semi-annual interest payments. At the time of the issuance,
Lev Corp issued $200 in principal of 4-year bonds with a 3.0% stated interest rate and semi-annual interest payments. At the time of the issuance, the discount rate equaled the stated interest rate.
What is the annuity factor for the interest payments? Round to two decimal places.
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Sound Investing, Chapter 1 - The Financial Pressure
Authors: Kate Mooney
2nd Edition
0071719237, 9780071719230
