Question
Fly Corporation issued a $ 4.000.000, 8%. 6 yeors convertible bonds on 1/1/2020. The bonds were issued at 97, and pay interest semiannually, on July
Fly Corporation issued a $ 4.000.000, 8%. 6 yeors convertible bonds on 1/1/2020. The bonds were issued at 97, and pay interest semiannually, on July 1, and January I of every year. Required: Calculate the total tinancing (borrowing) cost for the company. (Note: write your answer as a number only, with No dollar signs or commas)
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Auditing Principles A Systems Based Approach
Authors: Howard F. Stettler
5th Edition
0130517224, 9780130517227
