Question: When a company issues 5 year debt in a public market transaction, the interest rate the company will pay is A) Set by the company

When a company issues 5 year debt in a public market transaction, the interest rate the company will pay is

A) Set by the company

B) Set by bank lenders

C) Based on the 5 year treasury rate at the time of the issuance only

D) Based on the 5 year treasury rate of time of issuance plus a credit premium

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