Quizzes & Puzzles2 mins ago
kic
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6 KIC, Inc., plans to issue $5 million of perpetual bonds.The face value
of each bond is $1,000.
The annual coupon on the bonds is 12 percent. Market interest rates on
one-year bonds are
of each bond is $1,000.
The annual coupon on the bonds is 12 percent. Market interest rates on
one-year bonds are
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