Why is the coupon rate a bad estimate of a firms cost of debt?

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Why is the coupon rate a bad estimate of a firm’s cost of debt?

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Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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Question Posted: Jul 08, 2024 10:01 AM

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Why is the coupon rate a bad estimate of a firms cost of debt?

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Fundamentals Of Corporate Finance

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