A firm issues a 10-year eurobond with a par value of jpy 10


A firm issues a 10-year Eurobond with a par value of JPY 10 billion. Annual interest payments of 2.2% are calculated based on par value. If the issue price is 101 percent, what is the cost of debt?

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Financial Management: A firm issues a 10-year eurobond with a par value of jpy 10
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