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QUESTION
$30,000 bonds due 2014. The bonds are issued on Mar 31, 2010 and mature in 4yrs. The face value of the bond is $30,500.
$30,000 bonds due 2014. The bonds are issued on Mar 31, 2010 and mature in 4yrs. The face value of the bond is $30,500.
- If I pay interest on these bonds annually, how much interest will I pay each year?
- How much proceeds will I receive when I issue these bonds?
