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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.
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