Question
Question 14 A 6-percent corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par
Question 14
A 6-percent corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder, if the issuer calls the bond?
| a. | $60 | |
| b. | $600 | |
| c. | $1000 | |
| d. | $1060 |
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
