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d. Kimberly-Clark Corp. (KMB) has a 3% 2049 bond issue with a YTM of 4.0%. The PG and KMB bonds are identical in every way,
| d. Kimberly-Clark Corp. (KMB) has a 3% 2049 bond issue with a YTM of 4.0%. The PG | |||||
| and KMB bonds are identical in every way, including the Moodys and S&P ratings, | |||||
| maturity date, and the fact that the respective companies can call them on May 1, | |||||
| 2024 for 105. (The bonds were issued on different dates, thus their coupon rates and | |||||
| current market prices are the only difference.) | |||||
| What is the price for the 2049 KMB bond? | |||||
| Price | |||||
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Snap Judgment When To Trust Your Instincts When To Ignore Them And How To Avoid Making Big Mistakes With Your Money
Authors: David E. Adler
1st Edition
0137147783,0137037090
