On January 1, 2014, Kaizen Corporation issued a $ 500 million note that matures in 10 years.

Question:

On January 1, 2014, Kaizen issued a $ 500 million note that matures in 10 years. The note has a stated interest rate of 6 percent. When the note was issued, the market rate was 6 percent. The note pays interest twice per year, on June 30 and December 31. At what price was the note issued? Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...