Harwood Enterprises, a large retailer of pet supplies, is about to call its9.5% semiannual 20-year callable bonds.
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Question:
Harwood Enterprises, a large retailer of pet supplies, is about to call its9.5% semiannual 20-year callable bonds. The next coupon date is in 85days. The current market price is $1,115. The call price is $1,050. What isthe amount that investors holding the callable bonds will receive?
A). $1,115.
B). $1,050.
C). $1,075.
D). $1,140.
Related Book For
Management Science The Art of Modeling with Spreadsheets
ISBN: 978-1118582695
4th edition
Authors: Stephen G. Powell, Kenneth R. Baker
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