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ʎddɐɥ ʎddɐɥ
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8 years ago
If Neptune Corporation wanted to sell $100,000 of 10-year bonds with a nominal rate of 9% when the market expects to receive 8.5%, what would the bonds selling price be if interest is paid annually?
A) $100,000.00
B) $108,500.00
C) $103,323.59
D) $103,280.67
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hol23hol23
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8 years ago
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