The bond dealer Shyster & Shyster Inc. is looking for some very distressed bonds to...
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The bond dealer Shyster & Shyster Inc. is looking for some very distressed bonds to purchase and is not worried about risk. They have found the following C-rated bonds, and they will only buy bonds with a YTM of 25% and above. Which of these bonds will they buy (all have semiannual coupon payments and par values of $1000)? Bond Price Years to Maturity Coupon Rate A 225 5 5.2% 575 4 70% 327 9 8.0% B Multiple Choice Multiple Choice All of them None of them Company As bonds only Company B's bonds only Company A and C's bonds only
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