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titans company (14) has a corporate bond Titans Company has a corporate bond outstanding that mature in 16 years. The annual coupon rate is 7%.
titans company (14) has a corporate bond
Titans Company has a corporate bond outstanding that mature in 16 years. The annual coupon rate is 7%. The bond pays coupon semiannually and has a par value of $1,000. Currently, the bond is selling for $1,015. What is the company's pretax cost of debt? a. 6.84% Ob. 2.31% Oc 9.97% Od 1.14% Step by Step Solution
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