Solution: A company issues a $1,000,000, 6%, 10 year bond when the market rate was 4%, and the bond pays interest semi-annually.  The interest paid each period will be:

Solution: A company issues a $1,000,000, 6%, 10 year bond when the market rate was 4%, and the bond pays interest semi-annually.  The interest paid each period will be:

Problem

A company issues a $1,000,000, 6%, 10 year bond when the market rate was 4%, and the bond pays interest semi-annually.  The interest paid each period will be: