- Answer:
- solution:
- 50,000 + 5% = 52,500
Explanation:
- how redemption is calculated?
-The redemption value is stated as a percentage of face value. For example, a $1000 bond redeemable at 105 is redeemed at 105% of $1000 = $1050.
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Answers & Comments
- Answer:
- solution:
- 50,000 + 5% = 52,500
Explanation:
- how redemption is calculated?
-The redemption value is stated as a percentage of face value. For example, a $1000 bond redeemable at 105 is redeemed at 105% of $1000 = $1050.