A company has $20 million face value of bonds outstanding that pay a coupon of 10 percent
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A company has $20 million face value of bonds outstanding that pay a coupon of 10 percent annually and have 8 years to maturity. The bonds have a 12 percent yield to maturity. What value should be used for debt in the company's WACC calculation?
Related Book For
Corporate Finance A Practical Approach
ISBN: 9781118217290
2nd Edition
Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan
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