Question
Current price of the company 12%, semiannual, noncallable bonds with 15 years remaining to maturity is $ 1,153.72. There are 70,000 bonds. what is
Current price of the company 12%, semiannual, noncallable bonds with 15 years remaining to maturity is $ 1,153.72. There are 70,000 bonds.
what is the market interest rate of the debt?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
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