Compute how much interest a company would pay in 2023 on a 10 year, $100,000+u dollar loan (which it takes out today) that has an interest rate contractually set to equal 2.50% above the 1 year treasury bond yield on June 15 each year if that specified T-bond turns out to be 9.23% on June 15, 2023? U=12

Compute how much interest a company would pay in 2023 on a 10 year, $100,000+u dollar loan (which it takes out today) that has an interest rate contractually set to equal 2.50% above the 1 year treasury bond yield on June 15 each year if that specified T-bond turns out to be 9.23% on June 15, 2023? U=12

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 5P

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