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Katie's company has zero coupon bonds outstanding that mature in four years. The bonds have a face value of $1,000 and a current market price
Katie's company has zero coupon bonds outstanding that mature in four years. The bonds have a face value of $1,000 and a current market price of $820. What is the firm's pre-tax cost of debt?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
