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Please show how to calculate this using Excel A firm raises capital by selling $30,000 worth of debt with flotation costs equal to 1% of
Please show how to calculate this using Excel
A firm raises capital by selling $30,000 worth of debt with flotation costs equal to 1% of its par value. If the debt matures in 10 years and has an annual coupon interest rate of 10%, what is the bond's YTM? The bond's YTM is \%. (Round to two decimal places.)Step by Step Solution
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Ecological Money And Finance
Authors: Thomas Lagoarde-Segot
1st Edition
3031142314, 978-3031142314
