Business, 24.03.2020 19:31, isabelperez063
Forever Yours Insurance Company need to raise $40,000,000. They decide to do so through the issuance of consol bonds. Each bond will have an annual coupon of $900. Given the current 7.00% yield to maturity on the firm’s bonds, how many bonds must the firm issue? (Enter your answer rounded to the nearest whole number.)
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Forever Yours Insurance Company need to raise $40,000,000. They decide to do so through the issuance...
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