A company issued $ 300,000 bonds maturing at par within 40 quarters with 15% annual interest payable

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A company issued $ 300,000 bonds maturing at par within 40 quarters with 15% annual interest payable each quarter. How much should be paid for each bond today, if yields of 35% per annum are intended, compounded by quarters?

Posted Date: May 18, 2024 06:16 PM

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A company issued $ 300,000 bonds maturing at par within 40 quarters with 15% annual interest payable

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