Question: A bond has a 12 year term, a coupon rate of 18% and a face value of $1200 a) How often are interest payments made?

A bond has a 12 year term, a coupon rate of 18% and a face value of $1200

a) How often are interest payments made? b) What is the interest paid each period? c) If your personal MARR is 20%, and you were offered $1050 for the bond after 10 years would you accept or reject this offer?

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