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Posts: 170
2 weeks ago
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
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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2 weeks ago
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$68 million
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2 weeks ago
Thanks
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