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Suppose AMAZON issued a 20-year 10% coupon bond eight years ago. Today, the bond is selling at 80% of its face value, that is, at
Suppose AMAZON issued a 20-year 10% coupon bond eight years ago. Today, the bond is selling at 80% of its face value, that is, at $ 800. What is the cost of AMAZON debt? (Use 4 decimal places, do not use percentages). (answers on excel)
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To calculate the cost of Amazons debt we need to find the yield to maturity YTM of the bond Given in...Get Instant Access to Expert-Tailored Solutions
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