Question: As a CFO you are tasked with selecting the annual coupon rate on a five-year corporate bond to be sold at par value (a face

As a CFO you are tasked with selecting the annual coupon rate on a five-year corporate bond to be sold at par value (a face value of $1,000). Write a paragraph or two justifying the selected coupon rate, based on reference to existing debt issuance by Apple in 2017, similar peers, or industry averages, and with reference to the current credit rating of Apple and the relevant yields for that investment grade.

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