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On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf

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On January 1, 2004, Pearce and Co. will issue new bonds to finance its expansion plans. Currently outstanding 9%, January 1, 2020 Pearce and Co. bonds are selling for $1141. if intrest is paid semiannually for both bonds, what must the coupon rate of the new bonds be in order for the issue to sell at par? Solution PV principal = Face value / (1+YTM)^n = = $ 251.

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On January 1, 2004, Pearce and Co. will issue new bonds to finance its expansion plans. Currently outstanding 9%, January 1, 2020 Pearce and Co. bonds are selling for $1141. if intrest is paid semiannually for both bonds, what must the coupon rate of the new bonds be in order for the issue to sell at par? Solution PV principal = Face value / (1+YTM)^n = = $ 251

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On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf

  • 1. On January 1, 2004, Pearce and Co. will issue new bonds to finance its expansion plans. Currently outstanding 9%, January 1, 2020 Pearce and Co. bonds are selling for $1141. if intrest is paid semiannually for both bonds, what must the coupon rate of the new bonds be in order for the issue to sell at par? Solution PV principal = Face value / (1+YTM)^n = = $ 251