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
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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Fraud examination
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
4th edition
538470844, 978-0538470841
