Hot foods has an investment-grade bond issue outstanding that pays $30 semiannual interest payments. the bonds sell at par and are callable at a price equal to the present value of all future interest and principal payments discounted at a rate equal to the comparable treasury rate plus .50 percent. which one of the following correctly describes this bond? a. the bond rating is b.
b. market value is less than face value.
c. the coupon rate is 3 percent.
d. it has a "make whole" call price.
e. variable interest payments are variable.