Multiple Choice
Cool Fire, Inc.has 7.2 percent bonds outstanding that mature in 15 years.The bonds pay interest semiannually and have a face value of $1,000.Currently, the bonds are selling for $975.
A) 7.61 percent
B) 7.48 percent
C) 7.78 percent
D) 7.95 percent
E) 7.04 percent
Correct Answer:
Verified
Correct Answer:
Verified
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