Question: Example 6 . 2 . 3 A corporation decided to issue 1 5 - year bonds in the amount of $ 1 0 , 0

Example 6.2.3
A corporation decided to issue 15-year bonds in the amount of
$10,000,000. Under the contract, interest payment will be
make at the rate j2=6%. The bonds are priced to yield j12=5%
compound monthly. What is the issue price of the bond?
Example 6.2.3 A corporation decided to issue 15-year bonds in the

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