Question:baelish investment advisors inc. issues 10-year, $100,000 bonds,
which have a contractual interest rate of 8%...
Question
baelish investment advisors inc. issues 10-year, $100,000 bonds,
which have a contractual interest rate of 8%...
baelish investment advisors inc. issues 10-year, $100,000 bonds,
which have a contractual interest rate of 8% and pay interest
annually. what is the selling price of the bonds if the market rate
of interest for bonds of similar risk is 10%?