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Business, 04.11.2020 18:50 de5briz75

Pharoah, Inc., has a bond issue maturing in seven years that is paying a coupon rate of 11.0 percent (semiannual payments). Management wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at 9.5 percent, how much will Pharoah pay to buy back its current outstanding bonds

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Pharoah, Inc., has a bond issue maturing in seven years that is paying a coupon rate of 11.0 percent...
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