JCT Inc. just issued $1,000 par 30-year bonds. The bonds sold for $638.18 and pay interest...
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JCT Inc. just issued $1,000 par 30-year bonds. The bonds sold for $638.18 and pay interest semiannually. Investors require a rate of 11% on the bonds. What is the bonds' coupon rate? JCT Inc. just issued $1,000 par 30-year bonds. The bonds sold for $638.18 and pay interest semiannually. Investors require a rate of 11% on the bonds. What is the bonds' coupon rate?
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Answer rating: 100% (QA)
PV C x 1 1 rn r F 1rn Face value 1000 Price 63818 Req... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
Posted Date:
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