To help pay for construction of a new energy-efficient produ…
To help pay for construction of a new energy-efficient production facility, a mattress manufacturer recently issue $300 million in bonds. The 10-year bonds sold at their face value of $10,000, with a coupon rate of 8% per year, payable quarterly. An investor purchased one bond. How much money will the investor receive 3 months after purchasing the bond? $[a] (round to zero decimal places) The investor plans to hold the bond to maturity. What annual rate of return will they realize? [b]% (round to two decimal places)
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