Question
PQR Corporation is planning to raise funds through a issue of bonds. If equivalent issuers are issuing 20-year bonds at the yield of 1.5740%, and
PQR Corporation is planning to raise funds through a issue of bonds.
If equivalent issuers are issuing 20-year bonds at the yield of 1.5740%, and PQR issues a 20-year bond
with nominal yield of 1.5% totaling10 billion dollars, PQR will raise ( )dollars.
(excluding commissions to investment banks)
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
