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If a firm has $10m of bonds outstanding and pays $1m in interest per year, is its cost of debt 10%? Why or why not?
If a firm has $10m of bonds outstanding and pays $1m in interest per year, is its cost of debt 10%? Why or why not?
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Python For Finance
Authors: Yves Hilpisch
2nd Edition
1492024333, 978-1492024330
