Business, 09.11.2020 16:20 jzane1182

The market price of an $1,000,000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is: a. $1,124,623.
b. $1,872,360.
c. $1,122,890.
d. $1,133,270.

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The market price of an $1,000,000, ten-year, 12% (pays interest semiannually) bond issue sold to yie...