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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 16
Determining Bond Discount or Premium from Quoted Price
On May 9, 2011, finance.yahoo.com/bonds quoted a bond price of 129.7 for Ford Motor Company's 9.3 percent bonds maturing on March 1, 2030. Were the bonds selling at a discount or premium Does this mean the market interest rate for comparable bonds was higher or lower than 9.3 percent
On May 9, 2011, finance.yahoo.com/bonds quoted a bond price of 129.7 for Ford Motor Company's 9.3 percent bonds maturing on March 1, 2030. Were the bonds selling at a discount or premium Does this mean the market interest rate for comparable bonds was higher or lower than 9.3 percent
Explanation
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Bonds are quoted at a price of 129.7 whi...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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