Alico corporation bonds have a face interest rate of 8 a


Alico Corporation bonds have a face interest rate of 8%, a face value of $100,000 and will mature in 20 years. Interest is paid semi-annually. If you require an annual yield of 7.4%, what price would you be willing to pay for the bond?

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Accounting Basics: Alico corporation bonds have a face interest rate of 8 a
Reference No:- TGS0595174

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