Question
500000 bonds. These bonds mature in 20 years, par value of $1000, annual coupon of 6%, YTM of 10%. What is total amount of money
500000 bonds. These bonds mature in 20 years, par value of $1000, annual coupon of 6%, YTM of 10%. What is total amount of money the company raised from issuing these bonds? (Hint: PV)
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
