What is the before-tax cost of capital for this debt
Black Hill Inc. sells $100 million worth of 20-year to maturity 13.12% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $981 for each $1,000 bond. What is the before-tax cost of capital for this debt financing?
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black hill inc sells 100 million worth of 20-year to maturity 1312 annual coupon bonds the net proceeds proceeds after
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