Asked by ravi
1. A corporation issues $18,000,000 of 6% bonds to yield an effective interest rate of 7%.
a) was the amount of cash received from the sale of the bonds more or less than $18,000,000?
b) identify the following amounts related to the bond issue: 1) face amount, 2) market rate of interest, 3)contract rate of interest, and 4) maturity amount.
a) was the amount of cash received from the sale of the bonds more or less than $18,000,000?
b) identify the following amounts related to the bond issue: 1) face amount, 2) market rate of interest, 3)contract rate of interest, and 4) maturity amount.
Answers
Answered by
Gina
The ______ interest rate is used to calculate the regular interest payments made to the bond holder.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.