What is the bonds issued market price
Assignment:
Bonds issued is new 15-year, $1000 par, 9% annual coupon bonds. Market price of bond is $1070 each. Flotation expense on new bond is $50 per bond. Marginal tax rate is 35%.
Now Priced at $20 (50% Discount)
Recommended (98%)
Rated (4.3/5)
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Bonds issued is new 15-year, $1000 par, 9% annual coupon bonds. Market price of bond is $1070 each.
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