Question
The following exhibit is for Kmart bonds. Bonds Close Yield Volume Net Change Kmart 8 3/817 100 8.4 35 +7/8 The contractual interest rate of
The following exhibit is for Kmart bonds.
Bonds Close Yield Volume Net Change
Kmart 8 3/817 100 8.4 35 +7/8
The contractual interest rate of the K mart bonds is
a. greater than the market interest rate.
b. less than the market interest rate.
c. equal to the market interest rate.
d. not determinable.
IS THE "contractual interest rate" = THE "YIELD" VALUE 8.4???????
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Edition
0470377852, 978-0470377857
