Look at the terms of the Apple bond issue in Section 14.5. a. Does the company have

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Look at the terms of the Apple bond issue in Section 14.5.
a. Does the company have a call option?
b. How much interest is paid on each Apple bond in a year?
c. What was the total amount that the underwriters were paid for their services?
d. Can Apple issue secured debt that would come ahead of this issue?
e. Does Apple's bond receive Moody's highest credit rating?
f. Are the bonds repaid in one lump or by installments?
g. Are Apple's bonds funded or unfunded debt?
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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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