Polycorp is about to issue debentures. The following information is available. 1.The coupon rate is 8% pa

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Polycorp is about to issue debentures. The following information is available.

1.The coupon rate is 8% pa (or .08). Coupons are paid annually

2.The yield to maturity (YTM) is 0.08 pa

3.The face value is $100

4.The term is 4 years

How much can the debentures be issued for? Your answer should be accurate to the nearest cent.Notethat the YTM is expressed as a decimal, so .06 is 6% pa.

Posted Date: Jun 07, 2024 08:12 AM

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Polycorp is about to issue debentures. The following information is available. 1.The coupon rate is 8% pa

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