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Trudell Corporation raised $ 1 5 million from an issue of ainkinsinking bond funds with a 2 0 year maturity and a coupon rate of
Trudell Corporation raised $ million from an issue of ainkinsinking bond funds with a year maturity and a coupon rate of percent compounded semi annually. The bond indenture contract requires Trudell to make equal payments at the end of every months into a sinking fund administered by a trust company. If sinoing fund earns percent compounded semi annually what kusmust be the size of sinking fund payments in order to accumulate the full $ million to redeem bons upon maturity
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