Question
Five years ago, Wendys Inc. issued 50,000 bonds with $1,000 face value, 20 years to maturity, semi-annual coupons, and a coupon rate of 5.2%. The
Five years ago, Wendys Inc. issued 50,000 bonds with $1,000 face value, 20 years to maturity, semi-annual coupons, and a coupon rate of 5.2%. The yield to maturity on these bonds currently in the market is 4.8% (APR). What is the market value of Wendys debt (the entire bond issue)?
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
