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Business, 17.03.2020 23:36 alcantar28eduin

Last year, Lexington Homes issued $1 million in unsecured, noncallable debt. This debt pays an annual interest payment of $55 and matures six years from now. The face value is $1,000 and the market price is $1,020. Which one of these terms correctly describes a feature of this debt?a. semi-annual coupon
b. discount bond
c. note
d. trust deed
e. collateralized

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Last year, Lexington Homes issued $1 million in unsecured, noncallable debt. This debt pays an annua...

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