Interest payable annually

Assignment Help Business Law and Ethics
Reference no: EM13763587

1. A BOND WITH CURRENT YIELD=10.75% ON ISSUE DATE, MATURING IN 5 YEARS, IRR=8.57%

a) INTEREST PAYABLE ANNUALLY

b) INTEREST PAYABLE SEMI-ANNUALLY

2. A BOND ISSUED ON APRIL 1, 1970 WITH 4 YEARS TO MATURITY, PAYING 127,5annually Required rate of return 9,23%

a) INTEREST PAYABLE ANNUALLY

b) INTEREST PAYABLE SEMI-ANNUALLY

3. A BOND ISSUED ON JANUARY 1, 1980 , MATURING JANUARY 1, 1995, WITH THE CURRENT APPROPRIATE INTEREST RATE OF 9.4%, PAYING 10.55% COUPON, AND IT IS NOW JANUARY 1, 1993

a) INTEREST PAYABLE ANNUALLY

b) INTEREST PAYABLE SEMI-ANNUALLY.

Reference no: EM13763587

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