7) TBC Inc
Subject:FinancePrice: Bought3
7) TBC Inc. just issued a 10 percent, 25-year bond with a $1,000 par value that pays interest semiannually. a. How much can the investor expect in annual interest (in dollars)? b. How much can the investor expect in interest every six months in dollars)? c. How much can the investor expect in par value at the end of the 25th year?
