A 10 year, 5%, $1,000,000 bond was issued on January 1, 2005. The bond pays interest yearly. At the 1 answer below »
A 10 year, 5%, $1,000,000 bond was issued on January 1, 2005. The bond pays interest yearly. At the 1 answer below » | savvyessaywriters.org
A 10 year, 5%, $1,000,000 bond was issued on January 1, 2005. The bond pays interest yearly. At the time of issuance, the market rate was 6%. The bonds were retired on January 1, 2013 for 102 percent par. What would be the amount of discount that would have to be credited upon the retirement?$0$18,330$45,962$73,595More information is required.
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