Question
SHOW IN EXCEL PLEASE Seether Co. wants to issue new 13-year bonds for some much-needed expansion projects. The company currently has 10.8 percent coupon bonds
SHOW IN EXCEL PLEASE
| Seether Co. wants to issue new 13-year bonds for some much-needed expansion projects. The company currently has 10.8 percent coupon bonds on the market that sell for $1,042.68, make semiannual payments, and mature in 13 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? |
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Distressed Debt Analysis Strategies For Speculative Investors
Authors: Stephen Moyer
1st Edition
1932159185, 978-1932159189
