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A tomhas 31000 per valun bong outstanding with 25 years to maturity. The band carries an annual interest payment a $122. W currently selling for
A tomhas 31000 per valun bong outstanding with 25 years to maturity. The band carries an annual interest payment a $122. W currently selling for $800 per bond Russell Corp in a 35 percent tax bracket. The firm wishes to know who me ahorax cost of a new band som in ely to be The yield to maturity on the new he will be the same as the yild to maturity on the old me because the kind matunty date will be sa Comote the yard to maturity on the old tow and use this as the yield for the new issue (Do not round intermediate calculations, Input your was a percent rounded to 2 decimal places. o mene conto debe set an intermediate cattle munded to decimal place) 212
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