Question
In 2014, Coca-Cola Enterprises was planning to build a new bottling plant in the United States, and it needed to borrow about a quarter of
In 2014, Coca-Cola Enterprises was planning to build a new bottling plant in the United States, and it needed to borrow about a quarter of a billion dollars for 20 years. It did so by selling IOUs, each of which simply promised to pay the holder $1,000 at the end of 20 years. The market interest rate was 3%. How much would you have been prepared to pay for one of the companys IOUs?
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The Investors Guidebook To Fixed Income Investments
Authors: Stuart R. Veale
1st Edition
0735205310, 978-0735205314
