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Use excel please HMK Enterprises would like to raise $10 million to invest in capital expenditures. The company plans to issue fiveyear bonds with a
Use excel please
HMK Enterprises would like to raise $10 million to invest in capital expenditures. The company plans to issue fiveyear bonds with a face value of $1000 and a coupon rate of 6.5% (annual payments). The following table summarizes the yield to maturity for five-year (annual-pay) coupon corporate bonds of various ratings
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