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A company is financed with equity and 10-year bonds that have face value of 1,300 and coupon rate of 5%. If each bond is selling
A company is financed with equity and 10-year bonds that have face value of 1,300 and coupon rate of 5%. If each bond is selling for 956.71 today, the company's cost of debt is:
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
