Question
A company that plans to finance a new investment with a five-year bond will pay an annual coupon rate of 18% on a nominal value
A company that plans to finance a new investment with a five-year bond will pay an annual coupon rate of 18% on a nominal value of 1,000TL. However, at the time of issuance, there was less expected demand and the average bond price was 923.50TL. What is the actual borrowing cost of the firm?
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Mein Ultimativer Weihnachts Planer
Authors: Zizo Nimane
1st Edition
B0CM2J8GTG
