Question
RMB, Inc. sold a 20-year bond at par 12 years ago. The bond pays an 8% annual coupon, has a $1,000 face value, and currently
RMB, Inc. sold a 20-year bond at par 12 years ago. The bond pays an 8% annual coupon, has a $1,000 face value, and currently sells for $893.30. What is the firm’s cost of debt?
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Cost of Debt 986 Workings The cost of debt is the Yield To Maturity YT...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
