Last year the harvest time corporation sold 40000000 worth


Last year, The Harvest Time Corporation sold $40,000,000 worth of 7.5% coupon, 15-year maturity, $1000 par value, AA-rated; non-callable bonds to finance its business expansion. Currently, investors are demanding a yield of 8.5% on similar bonds. If you own one of these bonds and want to sell it, how much money can you expect to receive on it ?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Last year the harvest time corporation sold 40000000 worth
Reference No:- TGS01533752

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)