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Case 1: WorldCom, Inc.: Corporate Bond Issuance Is it a good time to issue? What factors favor issuing now and what factors do not? How

Case 1: WorldCom, Inc.: Corporate Bond Issuance

Is it a good time to issue? What factors favor issuing now and what factors do not?

How does financing with corporate bond typically differ from a bank loan?

What is the role of investment banks in bond issuance?

Estimate the yield to maturity of the four tranches of the bond Worldcom is issuing.

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