Business, 20.08.2019 20:30 lakenyahar
Crandal dockworks is undergoing a major expansion. the expansion will be financed by issuing new 15-year, $1,000 par, 9% annual coupon bonds. the market price of the bonds is $1,070 each. five rivers flotation expense on the new bonds will be $50 per bond. crandal's marginal tax rate is 35%. what is the yield to maturity on the newly-issued bonds? a) 6.95%b) 7.99%c) 8.17%d) 9.82%
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Crandal dockworks is undergoing a major expansion. the expansion will be financed by issuing new 15-...
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