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Your company aims to raise $10 million by issuing new 15-year bonds. The current ytm on similar bonds is 5.1% p.a.. How many bonds
Your company aims to raise $10 million by issuing new 15-year bonds. The current ytm on similar bonds is 5.1% p.a.. How many bonds will your company have to sell, if you decide to issue 15-year bonds with annual coupon payments, a face value of $1,000 and a coupon rate of 4.9%?
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
