Question
Black Cats Inc. has $10 million in outstanding debt (10,000 bonds with a face value of $1,000) with a current market value of $1100, 9
Black Cats Inc. has $10 million in outstanding debt (10,000 bonds with a face value of $1,000) with a current market value of $1100, 9 years until maturity, and a coupon rate of 7 percent (annual payments). What is the cost of debt for Black Cats Inc?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
