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A company has a 15-year bond outstanding with a coupon rate of 4.5 percent, a $1,000 par value, and a maturity of 7 years. The
A company has a 15-year bond outstanding with a coupon rate of 4.5 percent, a $1,000 par value, and a maturity of 7 years. The bond has a current price of $1,105.50, and pays interest semiannually. What is the company's cost of debt as reflected by the bond?
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To calculate the companys cost of debt as reflected by the bond we need to use the yield to maturity ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
