Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 28 Aug 2017 My Price 3.00

hand tool company

Because market interest rates were near all-time lows at 4% per year, a hand tool company decided to call (i.e., pay off ) the high-interest bonds that it issued 3 years ago. If the interest rate on the bonds was 9% per year, how much does the company  have to pay the bond holders? The face value (principal) of the bonds is $6,000,000.

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Maurice Tutor
(5)
Status NEW Posted 28 Aug 2017 03:08 PM My Price 3.00

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