Business, 16.12.2020 16:50 jslaughter3
Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon rate is 8% And coupons are paid semiannually. The bond is currently selling for $828 per $1,000 bond. What is the cost of debt?
a. 8%
b. 9%
c. 10%
d. 11%
e. 12%
Answers: 3
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Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon ra...
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