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Author Question: Which of the following statements is a description of refunding operation? (Read 39 times)

danitzaidaly

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on: Aug 7, 2023
Which of the following statements is a description of “refunding operation”?

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Provided the issue is callable, the company could sell a new issue of low-yielding securities if and when interest rates drop. It could then use the proceeds of the new issue to retire the high-rate issue and thus reduce its interest expense.


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Provided the issue is callable, the company could sell a new issue of high-yielding securities if and when interest rates drop. It could then use the proceeds of the new issue to retire the low-rate issue and thus reduce its interest expense.


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Provided the issue is callable, the company could sell a new issue of low-yielding securities if and when interest rates increase. It could then use the proceeds of the new issue to retire the high-rate issue and thus reduce its interest expense.


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Provided the issue is callable, the company could sell a new issue of high-yielding securities if and when interest rates increase. It could then use the proceeds of the new issue to retire the low-rate issue and thus reduce its interest expense.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by danitzaidaly on Aug 7, 2023

Deonnak85

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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danitzaidaly

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Reply 2 on: Aug 7, 2023
Excellent

emsimon14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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