ABC Corp just issued 8% Coupon Bonds, with maturity of 10 years, worth $ 20m under Sinking

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ABC Corp just issued 8% Coupon Bonds, with maturity of 10 years, worth $ 20m under Sinking Fund Provision that requires thatABC must put aside at the end of each year $X in an investment vehicle earning at 6% per year for orderly retirement of these Bonds. According to your calculation X is equal to:

a.1,60m

b.$2.12m

c.$1.52m

d.1.85m

e.$ 2.0m

f.$1.88m

Posted Date: May 19, 2024 08:00 AM

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ABC Corp just issued 8% Coupon Bonds, with maturity of 10 years, worth $ 20m under Sinking

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