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QUESTION
The long-term debt of topstone industries is currently selling for 104.50% of its face value. the issue matures in 10 years and pays an annual coupon of 8%. what is the cost of debt?
The long-term debt of topstone industries is currently selling for 104.50% of its face value. the issue matures in 10 years and pays an annual coupon of 8%. what is the cost of debt?
