Dr Nick

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    Kaplan University
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    University of Santo Tomas
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Category > Business & Finance Posted 15 Jul 2017 My Price 14.00

Logos Corporation sell these bonds

The Logos Corporation is planning on issuing bonds that pay no interest but can be converted into $1,000 at maturity, 7 years from their purchase. To price these bonds competitively with other bonds of equal risk, it is determined that they should yield 9 percent, compounded annually. At what price should the Logos Corporation sell these bonds?

 

Answers

Dr Nick
(4)
Status NEW Posted 15 Jul 2017 02:07 PM My Price 14.00

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