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Fly Corporation issued a $5,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 103, and pay interest semiannually, on July 1,
Fly Corporation issued a $5,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 103, and pay interest semiannually, on July 1, and January 1 of every year. Required: Calculate the total financing (borrowing) cost for the company
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
