Black hill inc sells 100 million worth of 27-year to


Black hill inc. sells $100 million worth of 27-year to maturity 10.81% annual coupon bonds. the net proceeds (proceeds after flotation costs) are $975 for each $1000 bond. What is the before tax cost of capital for this debt financing?

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Finance Basics: Black hill inc sells 100 million worth of 27-year to
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