= (c) What would be the result of the calculation in (b) above if X issued the
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=
(c) What would be the result of the calculation in
(b) above if X issued the bond with warrants to pay off another borrowing at a pre-tax interest rate of 8%? Assume that the expected net profit is after interest expense on the previous borrowing.
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Related Book For
Corporate Finance Theory And Practice
ISBN: 9781118849330
4th Edition
Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi
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