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Estimate the cost of debt using a synthetic bond rating. The following are the estimated synthetic bond ratings based on interest coverage ratio. Interest
Estimate the cost of debt using a synthetic bond rating. The following are the estimated synthetic bond ratings based on interest coverage ratio. Interest Coverage Ratio > 8.50 6.50-8.50 5.50 -6.50 4.25 -5.50 3.00 -4.25 2.50 -3.00 2.25-2.50 2.00 -2.25 1.75 -2.00 1.50 -1.75 1.25 -1.50 0.80 1.25 0.650.80 0.20 0.65 <
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To estimate the cost of debt for Target Inc the interest coverage ratio is typically calculated as e...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
