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21.05.2021 •
Business
James Corporation is planning to issue bonds with a face value of $506,500 and a coupon rate of 6 percent. The bonds mature in 15 years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January 1 of this year.
Required:
Compute the issue (sale) price on January 1 of this year for each of the following independent cases:
a. Case A: Market interest rate (annual):
b. Case B: Market interest rate (annual):
c. Case C: Market interest rate (annual):
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Ответ:
c
Explanation:
I thinks it's c because when you deal with stress, you can't do a lot of other things