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Intro Great Nevada Inc. has 3 bond issues outstanding: Book value of issue Coupon rate YTM Price (%) $12,000,000 5% 4.6% 103.63 $5,000,000 7%
Intro Great Nevada Inc. has 3 bond issues outstanding: Book value of issue Coupon rate YTM Price (%) $12,000,000 5% 4.6% 103.63 $5,000,000 7% 4.2% 118.7 $35,000,000 6.5% 7% 94.7 Part 1 What is the (pre-tax) cost of debt based only on the first bond? 4+ decimals Submit Attempt 1/10 for 10 pts.
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