Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Business & Finance Posted 29 May 2018 My Price 4.00

Wolverine Steel Company

Suppose Wolverine Steel Company wishes to issue a $100,000 bond with a maturity of 6 years to raise $85,382. The market requires a yield to maturity (YTM) of 10.0% for this company's borrowing/debt. How much coupon will the company have to pay every six months? (Enter just the number in dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)

Answers

Maurice Tutor
(5)
Status NEW Posted 29 May 2018 09:05 PM My Price 4.00

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