Question
Mikala's craft ltd. needs $225,000 today to purchase some new equipment. The company will issue 10 years bond with a6% coupon rate and semi annual
Mikala's craft ltd. needs $225,000 today to purchase some new equipment. The company will issue 10 years bond with a6% coupon rate and semi annual interest payments. The current market rate interest is 6.5%. How many bonds must mikala's sell to raise money?
a. 234
b. 226
c. 216
d. 225
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Management And Cost Accounting
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
7th Edition
1292232668, 978-1292232669
