What was the value of securities by bp

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Question - BP Ltd issued unsecured notes with a 10% coupon rate per year, with interest payable semi-annually in arrears, maturing in 10 years, with a face value of $100m. If the notes were issued at a yield set 2% higher than 10-year bond rate (which was running at about 7%), What was the value of securities (unsecured notes) by BP?

Reference no: EM133166984

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