Question
A firm issues $100,000,000 of bond priced at 99 percent and carrying a coupon rate of 12%. Calculate : a) The number of bond actually
A firm issues $100,000,000 of bond priced at 99 percent and carrying a coupon rate of 12%. Calculate :
a) The number of bond actually issued.
b) the price paid by the investors for each bond
c) the dollar coupon to be paid on each bonds.
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
