A company issues 8%, 8-year bonds with a par value of $130,000 on January 1 at...

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Question

A company issues 8%, 8-year bonds with a par value of $130,000 on January 1 at a price of $137,861, when the market rate of i

Answer 1

✔ Recommended Answer

Answer #1

Interest payment = bonds*interest rate*time

= $130000*8%*6/12

= $5,200

Answer 2

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