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Business, 05.11.2020 19:50 zach238

Question 9 On January 1, 2018, OU Company issued 12% bonds with a $20 million face value and a maturity date of December 31, 2019. The market rate is 14%. Coupon payments are due semi-annually and the first coupon payment is due on June 30, 2018. What is the present value of the bond at issuance (i. e., January 1, 2018)?

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Question 9 On January 1, 2018, OU Company issued 12% bonds with a $20 million face value and a matu...
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