Ivanhoe Desalination Ltd. needed to raise $165,000,000 of additional capital to finance the design, development, and construction of its water desalination facility. Ivanhoe decided to issue bonds that pay interest of $2,475,000 on each of March 31 and September 30 and that will reach maturity on September 30, 2037. The bonds were issued at 93.2 on October 1, 2024, for $153,780,000, which represented a yield of 3.66%.

Ivanhoe Desalination Ltd. needed to raise $165,000,000 of additional capital to finance the design, development, and construction of its water desalination facility. Ivanhoe decided to issue bonds that pay interest of $2,475,000 on each of March 31 and September 30 and that will reach maturity on September 30, 2037. The bonds were issued at 93.2 on October 1, 2024, for $153,780,000, which represented a yield of 3.66%.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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