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QUESTION
Any new long-term debt issued by the company will likely have a 30-year maturity. How valid is an estimate of the cost of debt based on 15-year bonds?...
Any new long-term debt issued by the company will likely have a 30-year maturity. How
valid is an estimate of the cost of debt based on 15-year bonds? If the estimate is not valid,
how might it be adjusted to remove any bias?
