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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: How Free An Agent Is Management Currently?Brian
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Feb 22, 2008 08:24AM

Jurek:

You may wish to relook yout calculations. One is buying the debenture at a price lower than issue price (par). Yet, you have the yield to maturity at less than the initial interest rate. Though neither a finance man or accountant (ex Marketing Manager) in order for yield to maurity to be less than the coupon rate, debernture would need to be trading at a premium not a discount!

Brian


Feb 23, 2008 10:32PM
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