Question
Company wants to issue 8 year bond. Currently company has 6% coupon bond ( at $800 par value) on market, which sells for $900 and
Company wants to issue 8 year bond. Currently company has 6% coupon bond ( at $800 par value) on market, which sells for $900 and makes semiannual payment with 8 year maturity. What annual coupon rate should company set on new bonds for selling them at par?
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Computerized Accounting With QuickBooks 2014
Authors: Kathleen Villani, James B. Rosa, Blanche Ettinger
1st Edition
0763860239, 9780763860233
