A firm issues 100000000 of bond priced at 99 percent and


A firm issues $100,000,000 of bond priced at 99 percent and carrying a coupon rate of 12%. Calculate:

a) The number of bond actually issued.

b) the price paid by the investors for each bond

c) the dollar coupon to be paid on each bonds.

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Finance Basics: A firm issues 100000000 of bond priced at 99 percent and
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