5 years ago, KPM Ltd. issued 12% irredeemable debentures at `105, a `5 premium to their par...
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● 5 years ago, KPM Ltd. issued 12% irredeemable debentures at `105, a `5 premium to their par value of `100. The current market price of these debentures is `95. If the company pays corporate tax at a rate of 35%, what is its current cost of debenture capital?
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Related Book For 
Financial Management
ISBN: 9789352605606
1st Edition
Authors: Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Ashish Kumar Sana
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