Jester company issues bonds with a par value of 600000 on

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Jester Company issues bonds with a par value of $600,000 on their stated issue date. The bonds mature in 10 years and pay 6% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%

1.What is the amount of each semiannual interest payment for these bonds? 2.How many semiannual interest payments will be made on these bonds over their life?

Reference no: EM13608810

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