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Memphic Memphic
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5 years ago
Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 5%, and a face value of $1000. Wyatt Oil believes it can get a AAA rating from Standard and Poor's for this bond issue. If Wyatt Oil is successful in getting a AAA rating, then the issue price for these bonds would be closest to:
A) $1035
B) $975
C) $1000
D) $1026
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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deusmarotodeusmaroto
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More solutions for this book are available here
D
Explanation:  D) FV = 1000, N = 40, I = 2.4, PMT = 25, Compute PV = 1025.53
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3 years ago
amazing
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