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Your firm has 300,000 bonds outstanding. Each of these bonds pays an annual coupon rate of 7%, 5 years remaining until maturity and a YTM
Your firm has 300,000 bonds outstanding. Each of these bonds pays an annual coupon rate of 7%, 5 years remaining until maturity and a YTM of 8%. If the firm were to issue new debt, what would it's Rd be?
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Numerical Techniques In Finance
Authors: Simon Benninga
1st Edition
0262022869, 978-0262022866
