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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 70
A $20,000 mortgage bond that is due in 1 year pays interest of $500 every 3 months. The bond's coupon rate is:
A) 2.5% per year, payable quarterly
B) 5% per year, payable quarterly
C) 5% per year, payable semiannually
D) 10% per year, payable quarterly
A) 2.5% per year, payable quarterly
B) 5% per year, payable quarterly
C) 5% per year, payable semiannually
D) 10% per year, payable quarterly
Explanation
Verified
Verified
V is face value,
b is bond cou...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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