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QUESTION
A bond that has a $1000 par value and a contract or coupon interest rate of 10. The bonds have a current market value of $1121 and will mature in 10...
A bond that has a $1000 par value and a contract or coupon interest rate of 10.5%. The bonds have a current market value of $1121 and will mature in 10 years. The firm's marginal tax rate is 34%. The cost of capital from this bond debt is___%?
