Idaho Company issued 15-year, $100,000 bonds with a stated rate of interest of 8%, compounded quarterly. The
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Idaho Company issued 15-year, $100,000 bonds with a stated rate of interest of 8%, compounded quarterly. The effective interest rate demanded by investors for bonds of this level of risk is also 8%. Calculate the issuance price of the bond (e.g., the total present value).
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Quarterly interest payments 2000 Present value of an annuity of 60 payments of ...View the full answer
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ISBN: 978-0538745482
11th Edition
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