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Business, 22.10.2020 19:01 phillipselijah2

The TrunkLine Company debtholders are promised payments of $35 if the firm does well, but will receive only $20 if the firm does poorly. If the bonds are selling at a price of $25, the promised return to the bondholders is approximately:

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The TrunkLine Company debtholders are promised payments of $35 if the firm does well, but will recei...
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