Question
Yesterday, bonds for Not So Risky Inc. were traded for $985.63, which were upgraded by S&P from BB to BBB today. If everything else is
Yesterday, bonds for Not So Risky Inc. were traded for $985.63, which were upgraded by S&P from BB to BBB today. If everything else is constant from yesterday (expected inflation rate etc.), the bonds' price should be:
| higher than the call price. higher than $1,000. higher than its par value. lower than $985.63. None of the above |
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
