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The town of hill valley is issuing a 30 year bond with a face value of $50,000,000 and a stated annual interest payments twice a
The town of hill valley is issuing a 30 year bond with a face value of $50,000,000 and a stated annual interest payments twice a year.Calculate the semiannual interest payment. Calculate how much hill valley will recieve from the bond offering under the following conditions; Market interest rates remain unchanged at the time of the offering. Market interest rates increase to 4.2 percent at the time of the offering.
Calculate the semiannual interest payment.
Calculate how much hill valley will recieve from the bond offering under the following conditions;
Market interest rates remain unchanged at the time of the offering.
Market interest rates increase to 4.2 percent at the time of the offering.
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