Apps store inc is offering a 7 year bond with a 1000 par, Financial Management

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Apps store inc is offering a 7 year bond with a 1000 par

Apps store, Inc is offering a 7 year bond with a 1000 par value. The selling price is 95% of the par value and the bond offers a yield to maturity of 10%. This bond offers semi-annual coupon payments?

1. What is the dollar amount $ of the semi-annual coupon payments for this bond?

2. What is the annual coupon rat % for this bond?

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Financial Management: Apps store inc is offering a 7 year bond with a 1000 par

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Financial Management: Apps store inc is offering a 7 year bond with a 1000 par

Reference No:- TGS01218683

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