Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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A company issues 2,500 bonds with a par value of $200 each. The coupon rate
is 6%. How much capital is raised?
A) $500,000
B) $530,000
C) $30,000 per year
D) $470,000
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Transcribed Image Text:A company issues 2,500 bonds with a par value of $200 each. The coupon rate is 6%. How much capital is raised? A) $500,000 B) $530,000 C) $30,000 per year D) $470,000
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