Question
Marvins Interiors issued 10-year bonds 2 years ago. The bonds have a face value of $1,900, a 8.0 percent, semiannual coupon, and a current market
Marvins Interiors issued 10-year bonds 2 years ago. The bonds have a face value of $1,900, a 8.0 percent, semiannual coupon, and a current market price of $1,439. What is the pre-tax cost of debt?
A 12.96 percent
B 14.66 percent
C 14.22 percent
D 13.71 percent
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Securitisation Derivatives A Practioner's Handbook
Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson
1st Edition
1119532272, 978-1119532279
