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credit risk of CVS? 4. If CVS decided to refinance the 2.25% senior notes (assuming the market yield for this bond was 1.85% when it
credit risk of CVS?
4. If CVS decided to refinance the 2.25% senior notes (assuming the market yield for this bond was 1.85% when it was issued) due 2018 with a new 2.50% debt (issued at par) due in 2028, what might be the gain/loss and how should CVS report it in the I/S? What is the implication for credit risk of CVS? (Hint: The Notes pay interest semi-annually) 4. If CVS decided to refinance the 2.25% senior notes (assuming the market yield for this bond was 1.85% when it was issued) due 2018 with a new 2.50% debt (issued at par) due in 2028, what might be the gain/loss and how should CVS report it in the I/S? What is the implication for credit risk of CVS? (Hint: The Notes pay interest semi-annually)Step by Step Solution
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