Question
A company is planning to issue a 30 year bond that pays a 6.50% coupon rate which are annual coupon payments with a face value
A company is planning to issue a 30 year bond that pays a 6.50% coupon rate which are annual coupon payments with a face value of $1000. The company currently has an A rating for Standard & Poor's. Assume that the yield to maturity for other long term A rated bonds is 7%. What will the market price of the companys bond be when it is issued?
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How To Save It Fix Your Finances
Authors: Bola Sol
1st Edition
1529118816, 978-1529118810
