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6. Another note previously-issued by Apple, Inc. carries a coupon of 2.00% (payable semi-annual basis),...

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Finance

6. Another note previously-issued by Apple, Inc. carries a coupon of 2.00% (payable semi-annual basis), matures in 6 years and is priced @ 0.40%. First, estimate the market value of $12 million par of these notes. Second, what information is provided management and the board of directors of the technology firm given the secondary market pricing (rate or yield) of their debt?

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