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Title: A firm issues $200 million in ten-year bonds with an annual coupon rate of 6%. The firm uses a ...
Post by: Ilovebacon22 on Jul 7, 2019
A firm issues $200 million in ten-year bonds with an annual coupon rate of 6%. The firm uses a sinking fund to repurchase 8% of the bond issue on each coupon payment date. What payment must they make on the tenth and final coupon payment?

▸ $52 million

▸ $56 million

▸ $68 million

▸ $40 million


Title: A firm issues $200 million in ten-year bonds with an annual coupon rate of 6%. The firm uses a ...
Post by: joanamet on Jul 7, 2019
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Title: A firm issues $200 million in ten-year bonds with an annual coupon rate of 6%. The firm uses a ...
Post by: Ilovebacon22 on Jul 7, 2019
Thanks