Question
Texas Insturments currently has bonds that will mature in 5 years paying 3% semi-annual coupons. The par value of these bonds is $1,000 and are
Texas Insturments currently has bonds that will mature in 5 years paying 3% semi-annual coupons. The par value of these bonds is $1,000 and are trading at a price of $935. Based on these bonds what is Texas Insturments' cost of debt?
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