Question

Do not do any interim rounding. Choose the best answer. Chailbis Co filed with the SEC...

Do not do any interim rounding. Choose the best answer.

Chailbis Co filed with the SEC to offer $130.0 million par value of 10-year bonds with a 3.10% coupon. In the time since the memorandum was filed with the agency, interest rates have risen and the investment group underwriting the issue informs Chailbis' CFO the bonds will have to be sold at a yield to maturity of 3.45%. The amountChailbis will raise in the sale of the bonds is closest to:

A.

$127,926,744.

B.

$126,179,405.

C.

$126,206,390.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT