Question
The cost of debt is the YTM of the bonds, so: How to calculate step by step the following:P0=$1030 = $40(PVIFAr%,40) + $1000(PVIFr%,40) R=3.851%, YTM=7.70.
The cost of debt is the YTM of the bonds, so: How to calculate step by step the following:P0=$1030 = $40(PVIFAr%,40) + $1000(PVIFr%,40)
R=3.851%, YTM=7.70. Could you break it down please from question #13 of p429,chp 13, please?
Just for this section that I am not getting how it arrived at the final answer. Thank you!!
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Ecological Money And Finance
Authors: Thomas Lagoarde-Segot
1st Edition
3031142314, 978-3031142314
