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Assume that you issue $10 million, 6% bonds on January 2, 2009 and use the proceeds and other cash to refund the existing $10
Assume that you issue $10 million, 6% bonds on January 2, 2009 and use the proceeds and other cash to refund the existing $10 million, 8% bonds. What is the present value of the savings generated by refinancing?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
