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Business, 09.12.2021 17:10 rachis

NJN, Inc. issues bonds due in 15 years with a coupon/stated interest rate of 5% and a total face value of $400,000. Interest payments are made semi-annually. The market rate for this type of bond is 6%. What is the issue price of the bond (rounded to nearest whole dollar

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NJN, Inc. issues bonds due in 15 years with a coupon/stated interest rate of 5% and a total face val...
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