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38 Ferris Metals has bonds outstanding which it is calling today under the make-whole call provision. The bonds mature in 7 years, have a 9
38
Ferris Metals has bonds outstanding which it is calling today under the make-whole call provision. The bonds mature in 7 years, have a 9 percent coupon, pay interest semiannually, and have a par value of $1,000. What is today's call price given that the applicable discount rate is 7.05 percent?
$879.12 | ||
$968.35 | ||
$1,172.71 | ||
$1,106.30 | ||
$1,015.55 |
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