Question
Stewart County School District is about to raise funds for a new school through a bond issue. The plan is to raise $3,475,000 with a
Stewart County School District is about to raise funds for a new school through a bond issue. The plan is to raise $3,475,000 with a 1.90% coupon, 5-year bond. The underwriter indicates the bonds will be sold at a price of $100.40 per $100. The yield to maturity on the bond is:
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
