Encana Corp

question 37

Multiple Choice

Encana Corp.is planning to issue $1,000 bonds with a stated interest rate of 7% and a maturity date of July 15,2019.Interest rates fall in the economy so that similar financial investments pay 5%.Encana will:

• A)not be able to issue the bonds from the market because no one will buy them.
• B)receive a higher issue price as buyers compete for the bonds.
• C)have to accept a lower issue price to attract buyers.
• D)have to reprint the bond certificates to change the stated interest rate to 5%.

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