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Answer the following question using the info on the first bond (Symbol AVP.GH). Avon issued this bond on June 16, 2003 with a par value
Answer the following question using the info on the first bond (Symbol AVP.GH). Avon issued this bond on June 16, 2003 with a par value of $1000. The bond makes semi-annual payments (coupons are paid on January 15 and July 15 each year.) What is the cost of debt for Avon if we assume that Avon had only issued this bond (in other words, assume that there no other bonds traded).
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