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 coupon rate of 6%(paid annually), what is the bond,s YTM?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
