Unformatted text preview: major uncertainties that a firm faces when it issues securities? 4. Estimate the expected costs (percentage yields) that WorldCom will incur on the 3-, 5-, 7-, and 30-year notes. How would you attempt to explain to someone who is unfamiliar with credit markets why the bonds would be priced in this manner?...
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- Spring '11
- Debt, WorldCom, corporate bond issuance, WorldCom, Inc.