Public service company of north carolina issued 150 million, Ask an Expert

Economics

Public Service Company of North Carolina issued $150 million worth of bonds this year. The bonds had a face value of $1000 each, and came with a promise to pay the bearer $66.25 a year in interest during the life of the bond. What is the coupon interest rate of these bonds?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91953727

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