Question
Your firm is issuing $100 million in straight bonds at par with a coupon rate of 6% and pay total fees of 3%. What is
Your firm is issuing $100 million in straight bonds at par with a coupon rate of 6% and pay total fees of 3%. What is the net amount of funds that the debt issue will provide for your firm?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
