Use the information for the question(s) below. The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual yield of 16.64 percent (annualized, compound rate). What is the amount of each interest payment if the face value of the bonds is $1,000? Choose the closest answer. O $160.00 O $166.40 O $80.00 O None of the other answers are correct. O $83.20

Use the information for the question(s) below. The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual yield of 16.64 percent (annualized, compound rate). What is the amount of each interest payment if the face value of the bonds is $1,000? Choose the closest answer. O $160.00 O $166.40 O $80.00 O None of the other answers are correct. O $83.20

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance

Section: Chapter Questions

Problem 4.8P

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