The bonds issued by Alcoa Aluminum, bear a 7 percent coupon, payable semiannually. The bonds mature...

Question

Question

The bonds issued by Alcoa Aluminum, bear a 7 percent coupon, payable semiannually. The bonds mature in 12 years and have a $1

Answer 1

Answer #1

COUPON RATE 7.00% YEARS TO MATURITY 12 NPER 24 (years to maturity x 2) PMT 35 (face value x coupon rate)/2 FACE VALUE $1,000.

Answer 2

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