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Global Brothers issued two types of debt in 2019. The first were 12 year straight debt bonds offering a 10% annual coupon. The second was
Global Brothers issued two types of debt in 2019. The first were 12 year straight debt bonds offering a 10% annual coupon. The second was also a 12 year offering, but with an 8% coupon along with 5 warrants. Both issues sold at par value ($1 000). Global Brothers pays a tax rate of 40% The prevailing interest rate on the market for firms with ratings equivalent to Global Brothers is
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