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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. (Note: write your answer as a number only, with No dollar signs or commas)
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Advanced Principles Of Auditing
Authors: Hugo Romero
1st Edition
1632409372, 978-1632409379
