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24-12-2019
Business

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Skylar Company issued $50,000,000 of its 10% bonds at par on January 1, 2019. On December 31, 2019, the bonds were trading on the bond exchange at 102.5. Since the issue date, what has happened to the market rate of interest?

Respuesta :

emmanueludoh743 emmanueludoh743

24-12-2019

Answer:

500,000

explanation of the answers

by using the formula of simple interest

which is principal x rate x time divided by 100.

Ans=50,000,000 x 10 x 1 then ➗ by 100

which Ans=500,000

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