Question
For the company Nike, find cost of debt. Assume a life-span for the project and if the firm has bonds outstanding, pick one of the
For the company Nike, find cost of debt. Assume a life-span for the project and if the firm has bonds outstanding, pick one of the bonds with a maturity that matches the project life-span. (You can assume the project life-span based on the availability of the bonds). You can find bonds on yahoo finance bond center. (http://finance.yahoo.com/bonds). You could also use Bloomberg or other financial websites. Even though the sites quote a yield-to-maturity (YTM), please calculate it yourself (and show calculations) using the bond price, the coupon payment, face value and the maturity. You can then check if it matches the quoted YTM. If the firm does not have any bonds, please use a competitors bond such as adidas or underarmour.
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