A long-term debt issue in the amount of 200 million calls, Ask an Expert

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A long-term debt issue in the amount of $200 million calls for mandatory redemption payments of $30 million each at the end of years 7, 8, and 9 and repayment of the remaining balance (called the balloon) at the end of year 10.

find out the issue's average life.

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Category:- Basic Finance
Reference No.:- M955125

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