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IMA CMA Part 2: Strategic Financial Management Exam CMA-Strategic-Financial-Management Question # 18 Topic 2 Discussion

IMA CMA Part 2: Strategic Financial Management Exam CMA-Strategic-Financial-Management Question # 18 Topic 2 Discussion

CMA-Strategic-Financial-Management Exam Topic 2 Question 18 Discussion:
Question #: 18
Topic #: 2

SSA inc. issues 4% bonds with a lace value of $500,000 when the market rate of interest is 3% for similar bonds. The bonds mature in 10 years, and pay interest every six months. Which one of the following is closest to the amount of cash SSA will receive upon issued.


A.

$459,000


B.

$500,000


C.

$505,000


D.

$543,000


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