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1- A bond with a $1,000 par value has an 6.25% coupon rate. It will mature in 5 years, and coupon payments are made semi-annually.
1- A bond with a $1,000 par value has an 6.25% coupon rate. It will mature in 5 years, and coupon payments are made semi-annually. The current price is 967.50. What is the bond's YTM..you can solve for IRR
Refer to the previous question. If the bond issuer's marginal tax rate is 33% What is the after-tax cost of debt.
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