Question: on step 2 of ch14 problem 7E where does the 7,500,000 come from? It asks to determine the price of the bond given it was

on step 2 of ch14 problem 7E where does the 7,500,000 come from? It asks to determine the price of the bond given it was issued at 10% with a face amount of 150 million. It will mature in 15 years and the market rate is 12%. interest is paid semi-annually and using the straight-line method.

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