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solve please Fly Corporation issued a $5,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 103, and pay interest semiannually, on
solve please
Fly Corporation issued a $5,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 103, and pay interest semiannually, on July 1, and January 1 of every year. Required: Calculate the total financing (borrowing) cost for the company. (Note: write your answer as a number only, with No dollar signs or commas)Step by Step Solution
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Commercial Energy Auditing Reference Handbook
Authors: Steve Doty
2nd Edition
1439851972, 978-1439851975
