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stranahan stranahan
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7 years ago
Wilderness Adventure Vacation Company will issue 20-year, semiannual bonds with a 9.0% coupon rate and a $1,000 par value. Bonds of similar risk and maturity are currently selling to yield 10.0% in the marketplace. What is the market price of one of the firm's new bonds? If the investment banking firm working with the firm receives a best-efforts commission of 2.0% per bond sold, how much money will it make if the issue sells only 80% of the 5,000 bonds offered? Use a financial calculator to determine your answer.
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Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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Awful_HomieAwful_Homie
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stranahan Author
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7 years ago
Thank you very much for this. It's really helpful.
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