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What is Lyons Bond Accounting Analysis about?

Lyons is considering issuing new bonds at a lower 6% interest rate to refinance its existing 8% bonds. It received $9.1 million from its original $10 million bond issue in 1999 due to the bonds being issued at a discount. Issuing new 6% bonds would allow Lyons to take advantage of lower interest rates but would need to be issued at a premium since market rates are currently lower than the bonds

Author

Saurabh

Language

EN