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On January 1 year 1, a company issues 5%, 10 year $100.000 par value bonds that pay annual interest on December 31 of every year.
On January 1 year 1, a company issues 5%, 10 year $100.000 par value bonds that pay annual interest on December 31 of every year. The bonds were issued at 97. Required: Calculate the total borrowing cost (financing cost) for the company, over the life of the bonds
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Authors: Author
2nd Edition
1264152000, 9781264152001
