Question
Finance Company has a $1,000 par value, 10% coupon bond being traded on the market. Pays quarterly coupons - will mature in 5 years. current
Finance Company has a $1,000 par value, 10% coupon bond being traded on the market.
Pays quarterly coupons - will mature in 5 years.
current price is $980
What is the companys after-tax cost of debt?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
