donnyandgail donnyandgail
  • 18-09-2022
  • Business
contestada

1. Assume that a corporation wants to borrow $100,000 by issuing one hundred 10-year, $1,000 bonds. The interest rate required for similar bonds
from similar corporations is 11 percent. Coupon payments will be made annually. What's the annual coupon payment for each bond?
A. $110
B. $11,000
C. $100,000
D. $1,100

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