Solsberry Has Sold a Twenty-Year Serial Bond Issue with a Face

question 11

Multiple Choice

Solsberry has sold a twenty-year serial bond issue with a face value of $15 million. The average maturity of the issue is fifteen years. Total interest to be paid on the bonds, payable semi-annually, equals $12,375 thousand. What is the net interest cost NIC) of the issue?

• A) The NIC cannot be computed from the data provided here.
• B) 5.5%
• C) 4.125%
• D) 8.25%

---

Definitions:

Message List

A display or collection of email or message titles and possibly brief summaries, usually within an email application.

Subject Line

The title or headline of an email, designed to summarize its content or purpose, prompting the recipient to open it.

Communications Protocol

A set of rules and standards that allow two or more entities to transmit information via any kind of variation of a physical quantity.

POP3

Post Office Protocol 3, a protocol used to retrieve email from a mail server.