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QUESTION
(Cost of debt) Sincere Stationery Corporation needs to raise $500,000 to improve its manufacturing plant.
(Cost of debt) Sincere Stationery Corporation needs to raise $500,000 to improve its manufacturing plant. It has decided to issue a $1,000 par value bond with a 14 percent annual coupon rate and a 10-year maturity. The investors require a 9 percent rate of return.a.
