A company has 10000 6 percent 10-year bonds outstanding


A company has 10,000 6 percent, 10-year bonds outstanding, with a face value of $1,000, currently trading at 102 percent of face value. The bonds pay interest semiannually. What is the cost of debt for the firm?

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Financial Management: A company has 10000 6 percent 10-year bonds outstanding
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