Question
CG forest and paper ltd. raise capital by selling $5000000 worth of debt with flotation costs equal to 3% of its par value. if the
CG forest and paper ltd. raise capital by selling $5000000 worth of debt with flotation costs equal to 3% of its par value. if the debt matures in 15 years and has a coupon rate of 6%(paid annually), what is the bond,s YTM?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
