You are a CFO. Your corporation just issued a bond, which pays a semi-annual, 8% coupon, and matures in 10 years. At the

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answerhappygod
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You are a CFO. Your corporation just issued a bond, which pays a semi-annual, 8% coupon, and matures in 10 years. At the

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You are a CFO. Your corporation just issued a bond, which pays asemi-annual, 8% coupon, and matures in 10 years. At the time ofissuance, the market yield was 6%. What is your company’s openingdebt balance?
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