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A 10 year, 6% semiannual, $5,000 par bond sells for $4,750.The flotation costs are $250.What is the pre-tax all-in cost of debt for the issuing
A 10 year, 6% semiannual, $5,000 par bond sells for $4,750.The flotation costs are $250.What is the pre-tax all-in cost of debt for the issuing firm?
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
