The rating agency has revised Catalytic Concepts bond rating to A (use Table 2.2). What interest rate,
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The rating agency has revised Catalytic Concept’s bond rating to A (use Table 2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 2 decimal places.) interest rate …………………%
AAA | 2.59 |
AA | 2.62 |
A | 3.03 |
BBB | 4.32 |
BB | 5.62 |
B | 8.32 |
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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