Question
Bennington Industrial Machines issued 150,000 zero coupon bonds seven years ago. The bonds originally had 30 years to maturity with a yield to maturity of
Bennington Industrial Machines issued 150,000 zero coupon bonds seven years ago. The bonds originally had 30 years to maturity with a yield to maturity of 7 percent. Interest rates have recently increased, and the bonds now have a yield to maturity of 8.1 percent.
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Port Infrastructure Finance
Authors: Hilde Meersman, Eddy Van De Voorde, Thierry Vanelslander
1st Edition
0415720060, 978-0415720069
