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shadabada1

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shadabada1

Bond refunding

kic inc. plans to issue $5 million of perpetual bonds. The face value of each bond is $1000. The annual coupon on the bonds is 12% . Market interest rates on one year bonds are 11% with equal...
08:31 Tue 23rd Sep 20084 answers, last by squarebear 15:09 Thu 25th Sep 2008