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Author Question: Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375 and a current market price ... (Read 155 times)

ETearle

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on: Jun 24, 2018
Gerald Kiraly sold 8 Romond Corporation bonds with a coupon rate of 8.375 and a current market price of 95.25. The commission charge is 10 per bond. The date of the transaction is 72 days since the last interest payment. What were the proceeds of the sale?

Question 2

The ___________________ _ of money is worth more than money in the future.
 Fill in the blank(s) with correct word


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smrerig

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Reply #1 on: Jun 24, 2018
Answer to Question 1

7,674

Answer to Question 2

present value


ETearle

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
Excellent

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