Crandal dockworks is undergoing a major expansion. the expansion will be financed by issuing new 15minusyear, $1,000 par, 9% annual coupon bonds. the market price of the bonds is $1,070 each. five rivers flotation expense on the new bonds will be $50 per bond. crandal's marginal tax rate is 35%. what is the yield to maturity on the newly-issued bonds? select one:

a. 7.99%

b. 9.82%

c. 8.17%

d. 6.95%

answer; im thinking the correct answer is (7years);

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hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

answer; sensory adaptation;