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Business, 11.12.2019 19:31 kinkin79

"an investment bank agrees to underwrite a $100 million, 15-year, 10 percent semiannual bond issue for a company on a firm commitment basis. the investment bank pays the company on monday and plans to begin a public sale on tuesday. if interest rates rise 0.5 percent, or fifty basis points, overnight, what will be the impact on the profits of the investment bank? "a) $4,258,365; loss b) $4,258,365; gain c) $3,735,975; gain d) s1,239,175

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