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Business, 19.03.2021 18:30, kaylijocombs
Amram Inc. can issue a 20-year bond with a 6% annual coupon at par. This bond is not convertible, not callable, and has no sinking fund. Alternatively, Amram could issue a 20-year bond that is convertible into common equity, may be called, and has a sinking fund. What most accurately describes the coupon rate that Amram would have to pay on the second bond, the convertible, callable bond with the sinking fund, to have it sell initially at par?
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Amram Inc. can issue a 20-year bond with a 6% annual coupon at par. This bond is not convertible, no...
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