Question
A company issued 10,000 bonds that have a 6% coupon rate (paid annually), a maturity of 10 years, a face value of $1,000, and a
A company issued 10,000 bonds that have a 6% coupon rate (paid annually), a maturity of 10 years, a face value of $1,000, and a yield to maturity of 9%. If the company also has $25m of equity, what is the share of debt in the capital structure (to the closest value)?
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
