5. You issue $20,000,000 of 6%, 10 year bonds to yield 6.8%. The bonds pay...
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5. You issue $20,000,000 of 6%, 10 year bonds to yield 6.8%. The bonds pay interest twice per year. What is the issue price?
Hello, can you please explain the terminology in this question? Like what is happening in this question and what is the question exactly asking. Why are there 2 interest rates. Please explain in steps.
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