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qwertybio qwertybio
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11 months ago
Amram Inc. can issue a 30-year bond with a 9% annual coupon. This bond is not convertible, is not callable, and has no sinking fund. Alternatively, Amram could issue a 30-year bond that is convertible into common equity, may be called, and has a sinking fund. What is the coupon rate that Amram would have to pay on the convertible, callable bond?


It is less than 9%.



It is exactly equal to 9%.



It is greater than 9%.



It could be less than, equal to, or greater than 9%.

Textbook 
 Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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awbradshawawbradshaw
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11 months ago
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qwertybio Author
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11 months ago
Smart ... Thanks!
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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2 hours ago
this is exactly what I needed
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