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Martis Corp. has a Php 100 million, 12% bond issue outstanding that has 20 years to maturity. The call premium is 6% of face value.
Martis Corp. has a Php 100 million, 12% bond issue outstanding that has 20 years to maturity. The call premium is 6% of face value. If bond refunding would be applied at a 10% with flotation costs that is 1% of the total value of the securities.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
