Assume 6% bonds could be issued and the proceeds used to refund the existing bonds (i.e.: you
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Assume 6% bonds could be issued and the proceeds used to refund the existing bonds (i.e.: you issue enough bonds to completely buy back the old bond without the additional use of company cash). What would be the present value of the new bonds?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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