Public Service Company of North Carolina issued $150 million worth of bonds this year. The bonds had
Fantastic news! We've Found the answer you've been seeking!
Question:
Public Service Company of North Carolina issued $150 million worth of bonds this year. The bonds had a face value of $1000 each, and came with a promise to pay the bearer $66.25 a year in interest during the life of the bond. What is the coupon interest rate of these bonds?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: