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i need an answer to this problem LBU Enterprises is istuing new bonds for a capital budgeting project. The bonds wit have 24.00 yes maturities
i need an answer to this problem
LBU Enterprises is istuing new bonds for a capital budgeting project. The bonds wit have 24.00 yes maturities with a coupce rate of 7.3954 APA with seml-annual coupon payments (assume a face value of $1,000 en the bend). The curent maket rate for simlar bonds is e.7e\% APR. The compary hopes to rase 51.50 millon with the new bsue. Eased on the current maket rate, what will one of the new bondisel for Step by Step Solution
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