× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
johnpaech johnpaech
wrote...
Posts: 1098
Rep: 7 0
6 years ago
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
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
Read 833 times
2 Replies

Related Topics

Replies
wrote...
6 years ago
C
Explanation:  C) FV = 1000, N = 40, I = 4, PMT = 35, Compute PV = 901.04
johnpaech Author
wrote...
5 years ago
You took a load off my back, thanks for answering correctly
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1004 People Browsing
Related Images
  
 382
  
 1056
  
 755
Your Opinion

Previous poll results: Do you believe in global warming?