Question
duke company issues a $1,000 par value, noncallable bond that has a 30 years to maturity and a 6.00% annual coupon that is paid semiannually.
duke company issues a $1,000 par value, noncallable bond that has a 30 years to maturity and a 6.00% annual coupon that is paid semiannually. the bond is selling for $965, and the company tax rate is 21%. what is the component cost of debt for use in the WACC calculation?
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
