document.write( "Question 1162847: Fish & Chips Inc. has two bond issues outstanding, and both sell for $701.22. The first issue has an annual coupon rate of 8 percent and 20 years to maturity. The second has an identical yield to maturity as the first bond, but only 5 years remain until maturity. Both issues pay interest annually. What is the annual interest payment on the second issue?
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Algebra.Com's Answer #786764 by solver91311(24713) You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Finance question requiring specialized knowledge in financial terms, relationships, and formulas. Inappropriate for a general mathematics help website. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " ![]() \n" ); document.write( " |