Question
A company sold at $1000 par value, noncallable bond that now has 20 years to maturity and a 7.45% annual coupon rate that is paid
A company sold at $1000 par value, noncallable bond that now has 20 years to maturity and a 7.45% annual coupon rate that is paid semiannually. The bond sells for $917, and the company's tax rate is 32%. What is the component cost of debt for use in the WAAC calculation?
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Trading Systems Theory And Immediate Practice
Authors: Renato Di Lorenzo
1st Edition
8847027055,8847027063
