A bond pays 9% yearly interest in semi-annual payments for 6 years. The current yield...
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Accounting
A bond pays 9% yearly interest in semi-annual payments for 6 years. The current yield on similar bonds is 12%. To determine the market value of this bond, you must
Select one:
a.
find the interest factors (IFs) for 12 periods at 12%.
b.
find the interest factors (IFs) for 6 periods at 9%.
c.
find the interest factors (IFs) for 6 periods at 6%.
d.
find the interest factors (IFs) for 12 periods at 6%.
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