To expand its facility, the Kingston Outlet factory would like to issue a bond with par value
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To expand its facility, the Kingston Outlet factory would like to issue a bond with par value of $1,000, coupon rate of 10%, paid semi-annually and maturity of 10 years. What would be the issue price of the bond, assuming it was issued today, if the market rate of return on securities of similar risk is 8%?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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