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Coleman Technologies is planning a zero coupon bond issue. The bond has a face value of $1,000, matures in 15 years, and will be sold
- Coleman Technologies is planning a zero coupon bond issue. The bond has a face value of $1,000, matures in 15 years, and will be sold at a price of $239.4. What is the annual cost of debt (YTM) to the company on this issue?
| a. | 4.0% |
| b. | 6.0% |
| c. | 7.0% |
| d. | 10.0% |
| e. | 12.0%
|
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
9th Edition
0618938737, 978-0618938735
