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QUESTION
Do you know the answer to : Moran Corp. sells $250,000 of bonds to private investors. The bonds are due in 10 years,have an 8% coupon rate and...
Do you know the answer to : Moran Corp. sells $250,000 of bonds to private investors. The bonds are due in 10 years,have an 8% coupon rate and interest is paid semiannually. Moran received $287,195 for thebonds at issuance.The effective rate on these bonds is:
