R&L Repair Services issued bonds with a face value of $10,000,000 and a coupon rate of...
R&L Repair Services issued bonds with a face value
of $10,000,000 and a coupon rate of 6% paid semiannually for 6
years.
market rate of interest is 5%. How much is the market value of the
bond?
Select one:
A.$10,512,888
B.S 6,581,880
C.$2,128,180
D.$ 8,410,310
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R&L Repair Services issued bonds with a face value
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