1. A bond's market value will be less than its par value if:
the bond is convertible to common stock
the bond's yield to maturity is greater than its coupon rate
the bond's coupon rate is greater than 0%
the bond's coupon rate is less than its market value
2. Investors are willing to pay 938.55 on a bond that pays $90 a year for ten years.
what is the before tax cost of debt
What is the after tax cost of debt tax rate = 40%