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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
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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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
