Question
Buckeye Partners has a bond issue currently outstanding that has 15 years left to maturity. The coupon rate is 8%, and coupons are paid semiannually.
Buckeye Partners has a bond issue currently outstanding that has 15 years left to maturity. The coupon rate is 8%, and coupons are paid semiannually. The bond is currently selling for $1,100. 21per $1,000 bond. What is the cost of debt?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
