Question
There is a bond sell for $542.042. the yield to maturity 15%on a 14-year to maturity, 7% annual coupon payments, $1,000 Face value. The Reported
There is a bond sell for $542.042. the yield to maturity 15%on a 14-year to maturity, 7% annual coupon payments, $1,000 Face value. The Reported $-amount of Amortization for the above bond for the first year should be
A($) Debit of 81.306
B Credit of 11.306
C Debit of 11.306
D Credit of 81.306
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
