Question
PUBLIC SERVICE COMPANY OF NORTH CAROLINA ISSUED $150 MILLION WORTH OF BONDS THIS YEAR. THE BONDS HAD A FACE VALUE OF $1,000 EACH, AND EACH
PUBLIC SERVICE COMPANY OF NORTH CAROLINA ISSUED $150 MILLION WORTH OF BONDS THIS YEAR. THE BONDS HAD A FACE VALUE OF $1,000 EACH, AND EACH CAME WITH A PROMISE TO PAY THE BEARER $66.25 A YEAR IN INTEREST DURING THE LIFE OF THE BOND. WHAT IS THE COUPON INTEREST RATE OF THESE BONDS?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
