Question
Companys Class A bonds sell at par, have a 12-year maturity, $1,000 par value and a 6% coupon paid semiannually. COmpany.s Class B bonds have
Companys Class A bonds sell at par, have a 12-year maturity, $1,000 par value and a 6% coupon paid semiannually. COmpany.s Class B bonds have the same risk, maturity and par value, but pay a 7% semiannual coupon. What is the price of the Class B bonds?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
