How to Research & Select a Mutual Fund

ACC7500 – Bond Refinancing Example. Assume that on January 1, 1998, a company issues $50 million face value of bonds with a stated annual rate of 8%. The interest is to be paid semi-annually (4% each semi-annual period) for a term of 5 years (10 semi-annual periods), at which time the principal is due and payable. A time line reflecting the ... ................
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