Question: Dumbledore has decided to issue a 1 0 - year, $ 1 , 0 0 0 , 0 0 0 bond with interest paid semiannually.

"Dumbledore has decided to issue a 10-year, $1,000,000 bond with interest paid semiannually.
The market rate (yield) for bonds of similar risk and maturity is 6%.
Dumbledore is considering a stated (coupon) rate of 4%,6%, or 8%."
"Dumbledore has decided to issue a 10-year, $1,000,000 bond with interest

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