Question
The management of Netflix has approached your bank about borrowing $50,000,000 dollars in the form of a long-term bond. The bond would have a 30-year
The management of Netflix has approached your bank about borrowing $50,000,000 dollars in the form of a long-term bond. The bond would have a 30-year maturity and an 8% coupon rate. Calculate what the interest expense would be for this bond for Netflix on a monthly basi.
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
978-0133423822
