Question
Gekko Industries plans to issue a $1,000 par, semi-annual pay bond with 15 years to maturity and a coupon rate of 6.00%. The company expects
Gekko Industries plans to issue a $1,000 par, semi-annual pay bond with 15 years to maturity and a coupon rate of 6.00%. The company expects the bonds to sell for $1,100.00. Gekko Industries cost of debt (as a stated annual rate) is estimated to be ___________%.
******Please show calculator inputs (N,I/Y,PV,PMT,FV)*****
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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
0128104414, 978-0128104415
