Question
BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.6%, with coupons paid semiannually, and a
BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.6%, with coupons paid semiannually, and a price of 88.69 (percent of par). What is the cost of debt? 3+ decimals
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
