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Ilovebacon22 Ilovebacon22
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4 years 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

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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joanametjoanamet
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Ilovebacon22 Author
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4 years ago
Thanks
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