Pearson Co issue its $165,600 at a price of 94, the stated rate is 6%, the bond term is 4 years, and the market rate is 8%. Assume the term of the bonds is 4 years. The annual interest payment on the bond will be $_______ please show me how to work this problem
Pearson Co issue its $165,600 at a price of 94, the stated rate is
6%, the bond term is 4 years, and the market rate is 8%. Assume the term of the bonds is 4 years.
The annual interest payment on the bond will be $_______
please show me how to work this problem
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The post Pearson Co issue its $165,600 at a price of 94, the stated rate is 6%, the bond term is 4 years, and the market rate is 8%. Assume the term of the bonds is 4 years. The annual interest payment on the bond will be $_______ please show me how to work this problem appeared first on Superb Professors.
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