To calculate the cost of debt for dri use their bond which
To calculate the cost of debt for DRI, use their bond which matures in 5 years (pays semi-annually), has a coupon of 4.75% and a price (per $100 face value) of $108.4.
You can also assume that TUP pays a 35% tax rate.
Please show all work.
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to calculate the cost of debt for dri use their bond which matures in 5 years pays semi-annually has a coupon of 475
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