How much interest per year
Problem
A $1000 par value bond is quoted with a coupon rate of 5 3/8 and maturity of 27 years. the bondholder will receive how much interest per year.
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What is the internal rate of return (IRR) that this investment offers if all cash flows occur at the end of each period?
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Post an explanation as to how you might use one or more of the design elements from this course in your own school setting.
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