What are the characteristics and specifications of tar sands ? What are its benefits?

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Amanda K answered 5 months ago

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The white sands company has $1,000-par-value bonds outstanding with the following characteristics: currently selling at par;...

The white sands company has $1,000-par-value bonds outstanding with the following characteristics: currently selling at par; 5 years until final maturity; and a 9 percent coupon rate (with interest paid semiannually). Interestingly, American Express has a very similar bond issue outstanding. In fact, every bond feature is the same as for the white sands bonds, except that American express bonds mature in exactly 10 year. Now, assume that the market’s nominal annual required rate of return for both bond issues...

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What are the characteristics and specifications of tar sands ? What are its benefits?

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