Business, 06.04.2021 01:00 jeremiahphillip4396

On January 1, 2009, AML company issues bonds maturing in 5 years. The par value of the bonds is $10,000, the annual coupon rate is 4-percent, and the compounding period is semiannually. The market initially prices these bonds using annual market interest rate 6-percent. The market interest rate on June 30, 2010 was 5% and the market interest rate on Dec. 31, 2012 was 8%. Were the bonds issued at par, a discount or a premium

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On January 1, 2009, AML company issues bonds maturing in 5 years. The par value of the bonds is $10,...