SOLVED: purchased 5 , $ $1,000 , 7 % bonds of Simplex Corporation when the market rate of interest was 1 2 %. Interest is paid semiannually on the bonds,...

Description


Corp. purchased 5​, $ $1,000​, 7​% bonds of Simplex Corporation when the market rate of interest was 12​%. Interest is paid semiannually on the​ bonds, and the bonds will mature in five years.Desmond paid what amount ​$ on the bond investment?

Question

SOLVED: purchased 5 , $ $1,000 , 7 % bonds of Simplex Corporation when the market rate of interest was 1 2 %. Interest is paid semiannually on the bonds,...

  • Written in: 17-Oct-2019
  • Paper ID: 11504869
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About this Question

STATUS

Approved

DATE ANSWERED

Oct 17, 2019

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N/A

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