On 2012-04-01, ABC issued 4% bonds, with a face amount of $10000. The bonds mature on 2016-04-01. The effective interest
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On 2012-04-01, ABC issued 4% bonds, with a face amount of $10000. The bonds mature on 2016-04-01. The effective interest
On 2012-04-01, ABC issued 4% bonds, with a face amount of $10000. The bonds mature on 2016-04-01. The effective interest rate for similar bonds is 7%. Interest is paid semiannually on Apr and Oct 1. The price of the bond was: Answer: