1. After graduation you decide to open a new coffee shop in downtown Columbia. As...
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Finance
1. After graduation you decide to open a new coffee shop in downtown Columbia. As any business, you need initial financial capital. You decide to sell bonds to anyone who is willing to pay $12,500 for it and promise to pay back $14,000 in one year.
a. What is the face value of this bond?
b. What is the price of the bond?
c. What is the interest rate of the bond?
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