Question
ABC Corp just issued 8% Coupon Bonds, with maturity of 10 years, worth $ 20m under Sinking Fund Provision that requires that ABC must put
ABC Corp just issued 8% Coupon Bonds, with maturity of 10 years, worth $ 20m under Sinking Fund Provision that requires that ABC must put aside at the end of each year $X in an investment vehicle earning at 6% per year for orderly retirement of these Bonds. According to your calculation $X is equal to:
| a. | $1.52m | |
| b. | $1.88m | |
| c. | 1,60m | |
| d. | $2.12m | |
| e. | 1.85m |
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
