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The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of 11.9 percent. Coupon payments will be made
The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of 11.9 percent. Coupon payments will be made annually. Investors buying the bonds today will earn a yield to maturity of 11.9 percent. The Face Value of each bond is $1,000. At what price will the bonds sell in the marketplace? Sale value $
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Project Finance in Theory and Practice
Authors: Stefano Gatti
2nd edition
978-9382291589, 123919460, 978-0124157538, 978-0123919465
