Your firm would like to raise R580 000 by issuing bonds with the following features: 13% 7
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Question:
Your firm would like to raise R580 000 by issuing bonds with the following features:
13% 7 year bond with a similar risk profile to companies that have bonds that have yields of 14%. Flotation costs are R120 per bond. Assume par value of R1000.
a.) What is the estimated price of each bond? R
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