On 2012-04-01, ABC issued 4% bonds, with a face amount of $10000. The bonds mature on 2016-04-01. The effective interest
Posted: Tue Jul 05, 2022 11:22 am
- On 2012 04 01 Abc Issued 4 Bonds With A Face Amount Of 10000 The Bonds Mature On 2016 04 01 The Effective Interest 1 (34.83 KiB) Viewed 11 times
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: