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A firm has outstanding debt paying annual coupons, with a coupon rate of 10%, and 8 years to maturity. The firm's bonds are currently trading
A firm has outstanding debt paying annual coupons, with a coupon rate of 10%, and 8 years to maturity. The firm's bonds are currently trading at a price of $875.50 per $1000 face value. What is the firm's effective cost of debt if it has a tax rate of 25%
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Python For Finance
Authors: Yves Hilpisch
2nd Edition
1492024333, 978-1492024330
