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Calculate quarterly cash interest that company will required

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Problem 1: ABC Company issued Rs. 1,000,000 bonds at 2% discount . The interest rate on the bonds, is 6 percent annually. Calculate the amount that the company will actually receive from the sale of the bonds.

Problem 2: ABC Company sells Rs. 1,000,000 general obligation bonds for 103. The interest rate on the bonds, paid quarterly, is 5 percent. Calculate the quarterly cash interest that the company will be required to pay

Reference no: EM132768981

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