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31. Aspens is preparing a bond offering with a coupon rate of 5.5 percent. The bonds will be repaid in 10 years. The company plans
31. Aspens is preparing a bond offering with a coupon rate of 5.5 percent. The bonds will be repaid in 10 years. The company plans to issue the bonds at par value and pay interest annually. Which one of the following statements is correct? Assume a face value of $1,000. (a) (b) (C) (d) The bonds will pay 19 interest payments and one principal payment The bonds will initially sell at a discount The bonds will pay twenty equal coupon payments At issuance, the bond's yield to maturity is 5.5 percent
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