Corporate FInace Assignment/ Professional Essay Writers
May 15th, 2020
Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.78 percent, a par value of $1000 per bond, matures in 4 years, has a total face value of $5.0 million, and is quoted at 105.00 percent of face value. The second issue has a coupon rate of 6.55 percent, a par value of $1000 per bond, matures in 16 years, has a total face value of $9.3 million, and is quoted at 107.00 percent of face value. Both bonds pay interest semiannually. The company’s tax rate is 39 percent.
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