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In the previous 5 years, Google paid an annual dividend as follows: Year Dividends 2011 2.7 2010 2.5 2009 2.2 2008 1.8 2007 1.5 5-
In the previous 5 years, Google paid an annual dividend as follows: Year Dividends 2011 2.7 2010 2.5 2009 2.2 2008 1.8 2007 1.5 5- Google has one bond outstanding that matures in 20 years. This bond has a coupon rate of 8%, paid semiannually. The bond currently sells for $1,124. What is the pre-tax cost of debt of Google? In Excel please
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