Response to the following problem:
During fiscal 2004, Georgia-Pacific Company called the following bond issuances:
$243 million 9.875% bonds due November 1, 2021
$250 million 9.625% bonds due March 15, 2022
$250 million 9.500% bonds due May 15, 2022
$240 million 9.125% bonds due July 1, 2022
$250 million 8.250% bonds due March 1, 2023
$250 million 8.125% bonds due June 15, 2023
In groups of three or four:
1. Identify the face value, coupon rate, and maturity of each of the bond issues.
2. Discuss some of the potential reasons that Georgia-Pacific may have had for deciding to call these bond issues early.