Kohl’s Corporation’s 7.25% bonds due in 2029 were reported as selling for 115.948. Were the bonds… 1 answer below »

Kohl’s Corporation’s 7.25% bonds due in 2029 were reported as selling for 115.948. Were the bonds selling at a premium or at a discount? Why is Kohl’s able to sell its bonds at this price?View Solution:
Kohl s Corporation s 7 25 bonds due in 2029 were reported as

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