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Is it acceptable to use interest expense divided by book value of debt outstanding as an estimate of cost of debt? Why or why not?
Is it acceptable to use interest expense divided by book value of debt outstanding as an estimate of cost of debt? Why or why not? Explain explicitly and with examples.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
