View Full Version : On January 1, 2011,zee Co issued ten-year bonds with a face value of $1,000,000 an
heyabel
May 9, 2011, 04:03 PM
On January 1, 2011, Zee Co issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%.
How much is the issue price of the bond?
RickJ
May 10, 2011, 08:57 AM
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heyabel
May 10, 2011, 06:15 PM
On January 1, 2011, Zee Co issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%.
How much is the issue price of the bond