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ESSENZA Corp has 25 year, $1,000 par value bonds outstanding with coupon of 9% and 19 years to maturity. The bonds currently trade for $1,141
ESSENZA Corp has 25 year, $1,000 par value bonds outstanding with coupon of 9% and 19 years to maturity. The bonds currently trade for $1,141 and pay interest semi-annually. The before tax cost of debt for ESSENZA Corp. is ____%? (Answer should be 4 digits (not a decimal) ie. 4.312)
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
