The BARS method combines elements of the traditional rating scales and critical incident methods
Indicate whether this statement is true or false.
Answer: TRUE
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A company needs to raise $22 million and plans to issue 20-year bonds for this purpose. The required rate of return is7.6 percent in the current market. The company has two issue alternatives: a 7.6 percent coupon and a zero-coupon bond. The company's tax rate is 34 percent. At bond maturity, how much will the company need to pay to its bondholders if it issues the coupon bonds? What if it issues the zeros? Assume semiannual compounding for both bond issues. (For simplicity's sake, assume the company can issue a partial bond.)
A. $21.407 million; $102.12 million B. $23.672 million; $97.795.51 million C. $22.836 million; $102.12 million D. $22.836 million; $97.795 million E. $23.672 million; $102.12 million
When you use this response style, you clarify or seek more information
A) questioning B) paraphrasing C) supporting D) evaluating