Suppose you are the only owner of a firm, ABC Co, a sports shoes production...
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Finance
Suppose you are the only owner of a firm, ABC Co, a sports shoes production company located in LA. Your firm are to issue $3 million 20-year bonds with an 8 percent semi-annual coupon payment. Assume the required return is 10 percent, and the corporate tax rate is 45 percent. What will be repayment in the maturity?
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