Question
Your Corporation issues a 15-year 2.4% coupon Callable Bond. The bond is callable each year after year 5 at $100 (par value). 6 years from
Your Corporation issues a 15-year 2.4% coupon Callable Bond. The bond is callable each year after year 5 at $100 (par value). 6 years from now the bond is trading at a premium to par in the market.
What should your firm do?
| Call the bonds | ||
| Don't call the bonds at this point in time | ||
| The bond is not callable at this time |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
