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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 65
A corporate $10,000 bond has a coupon rate of 8% per year, payable semiannually. The bond matures 20 years from now. At an interest rate of 6% per year, compounded semiannually, the amount and frequency of the bond dividend payments are:
A) $600 every 6 months
B) $800 every 6 months
C) $300 every 6 months
D) $400 every 6 months
A) $600 every 6 months
B) $800 every 6 months
C) $300 every 6 months
D) $400 every 6 months
Explanation
Verified
Verified
V is face value,
b is bond cou...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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