= (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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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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