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Business, 06.04.2021 02:10 roudi61

Bad Wolf Enterprises issues $1 million in 6.7% bonds maturing November 6, 2027. The bond is callable November 6, 2019 at a call premium of 12%. November 6, 2019 the prevailing yield is 3.5%. If Bad Wolf Enterprises calls the entire issue and replaces it with 3.5% bonds also maturing November 6, 2027, then each semi-annual coupon payment will decrease by how much

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Bad Wolf Enterprises issues $1 million in 6.7% bonds maturing November 6, 2027. The bond is callable...
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