(L.OBJ. 5) Pricing bonds [5 min]
Bond prices depend on market rate of interests stated rate of interest, and time.
Requirement
1. Compute the price of the following 6% bonds of City Telecom.
a. $300,000 issued at 73 .73
b. $300.000 issued at 105.25
c. $300,000 issued at 94.50
d. $300,000 issued at 104.75
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