BUSI 2503
Carleton University (CU )
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BUSI 2503 Assignment 2|all you need
- Exam (elaborations) • 8 pages • 2022
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BUSI 2503 R: Assignment #2 
 
This study source was downloaded by from CourseH on 11-19-2022 20:48:33 GMT -06:00 

Question 1: Bond Valuation 
Lens Lease Ltd is planning to issue 7-year bonds with semi-annual coupon payments. The 
market interest rate for such bonds is 8%. Coupon payments will be made at a rate of 9.17%. The 
management of Lend Lease Ltd has determined the company needs to raise $875,000 to fund the 
purchase of a new office and wants to use the proceeds of the bond issue for t...
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