... perspective of the firm’s management d Chapters 11 and are the most important bankruptcy chapters for financial management purposes If a reorganization plan cannot be worked out under Chapter 11, then ... coupon bonds mature on December 31, 2022, and it is now January 1, 2003 Interest on these bonds is paid annually on December 31 of each year, and new annual coupon bonds with similar risk and maturity ... has bonds outstanding that will mature in 12 years The bonds pay a 12 percent semiannual coupon and have a face value of $1,000 (that is, the bonds pay a $60 coupon every six months) The bonds...