At what price should burger hut expect to sell its bond

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Question - Burger Hut is planning to issue a $100 million, 3-year bond with a stated annual coupon rate of 6%. Coupon payments are to be made semi-annually. Comparable bonds are trading with a yield to maturity (YTM) of 8%. At what price should Burger Hut expect to sell its bond?

Reference no: EM133104115

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