Answer the following questions 1. What factors might have enabled JLR to raise new debt at less than half the coupon rate of interest in 2015, compared with the debt raise in 2011? 2. Compute the amount at which existing bondholders might be willing to surrender their holdings. 3. What other benefits, if any, might accrue to JLR as a result of this financial strategy? Does this strategy add value to the firm? To the existing bondholders? To JLR's equity holders? Good luck J Instructions: 1. All answers must be typed and document must be stapled 2. Pages must be numbered Answer the following questions 1. What factors might have enabled JLR to raise new debt at less than half the coupon rate of interest in 2015, compared with the debt raise in 2011? 2. Compute the amount at which existing bondholders might be willing to surrender their holdings. 3. What other benefits, if any, might accrue to JLR as a result of this financial strategy? Does this strategy add value to the firm? To the existing bondholders? To JLR's equity holders? Good luck J Instructions: 1. All answers must be typed and document must be stapled 2. Pages must be numbered