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You intend to buy an irredeemable bond which has a price of $95 and a coupon rate of 6.5% when the face value of the
You intend to buy an irredeemable bond which has a price of $95 and a coupon rate of 6.5% when the face value of the bond is $100. What is the companys cost of debt?
Question 4Select one:
a.
6.50%
b.
9.25%
c.
5.00%
d.
6.84%
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