What is the issuance price for a 8 % , 2 - year, $ 2 3

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What is the issuance price for a $8 %, 2 -$ year, $ $236, 676$ bond issued when the market $/$ effective interest rate was $6 % ?$ The bond pays interest semi $-$ annually on July $1$ and December $31 .$ The bond was issued at $104.21 .$

Round your final answer to the nearest dollar. Do not round intermediary answers.

Posted Date: May 06, 2024 02:23 AM

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What is the issuance price for a 8 % , 2 - year, $ 2 3

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Expert Answer:

Absolutely we can calculate the issuance price of the bond Given Face value F 236676 Coupon rate C 8 ... View the full answer

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