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Title: Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, and ... Post by: johnpaech on Nov 19, 2017 Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, and a face value of $1000. Wyatt Oil believes it can get a BBB rating from Standard and Poor's for this bond issue. If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to:
A) $800 B) $891 C) $901 D) $1000 Title: Re: Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, ... Post by: anicid on Nov 19, 2017 C
Explanation: C) FV = 1000, N = 40, I = 4, PMT = 35, Compute PV = 901.04 Title: Re: Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, and ... Post by: johnpaech on Aug 1, 2018 You took a load off my back, thanks for answering correctly
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