Question
Suppose a corporation issued a 30-year annual, 8 percent bond, 10 years ago. The bond is currently selling for 95 percent of its face value,
Suppose a corporation issued a 30-year annual, 8 percent bond, 10 years ago. The bond is currently selling for 95 percent of its face value, or $950. What is the corporation's cost of debt?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
